| 2024-11-13 | +13.71 % |
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| 2024-11-12 | -4.17 % |
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| 2024-11-11 | +4.25 % |
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| 2024-11-08 | +5.37 % |
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| 2024-11-07 | +3.5 % |
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| 2024-11-06 | -8.31 % |
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| 2024-11-04 | +1.08 % |
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| 2024-11-01 | +0.79 % |
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| 2024-10-31 | -2.79 % |
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| 2024-10-25 | +0.19 % |
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| 2024-10-24 | +2.66 % |
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| 2024-10-23 | -3.15 % |
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| 2024-10-22 | +4.59 % |
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| 2024-10-21 | -0.1 % |
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| 2024-10-18 | -0.79 % |
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| 2024-10-17 | -1.17 % |
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| 2024-10-16 | +0.89 % |
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| 2024-10-15 | -1.93 % |
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| 2024-10-14 | -1.43 % |
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| 2024-10-11 | +2.34 % |
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| 2024-10-10 | -1.54 % |
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| 2024-10-09 | -0.48 % |
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| 2024-10-08 | -0.19 % |
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| 2024-10-07 | +0.48 % |
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| 2024-10-04 | -3.15 % |
- Rivian Automotive (RIVN) stock fell sharply after the company lowered its 2024 production guidance and reported supply chain issues affecting vehicle manufacturing, leading to concerns over a shortage of critical components.
The stock decline was primarily due to Rivian announcing a significant reduction in its expected EV production for the year, from 57,000 to between 47,000 and 49,000 vehicles, highlighting a part supply shortage that disrupted production despite no noted drop in demand for its vehicles.
- Rivian Automotive's stock (RIVN) fell by 3.15% after the company reduced its annual production guidance from 57,000 to a range of 47,000 to 49,000 vehicles due to a supply shortage of shared components affecting the R1 and RCV platforms.
- Rivian Automotive (RIVN) stock fell 3.15% following a disappointing third-quarter vehicle delivery update and a downward revision of its 2024 production guidance, leading to investor concerns about future performance.
- Rivian Automotive (RIVN) stock declined by 3.15% following the company's announcement that it missed third-quarter delivery estimates and reduced its full-year production outlook due to supply chain issues affecting a crucial component needed for production.
- Rivian Automotive's stock (RIVN) fell by 3.15%, opening at $10.05 after a previous close of $10.78, potentially due to broader market trends or negative investor sentiment.
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| 2024-10-03 | +1.32 % |
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| 2024-10-02 | +1.92 % |
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| 2024-10-01 | -6.95 % |
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| 2024-09-30 | -3.28 % |
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| 2024-09-27 | +3.85 % |
- Rivian Automotive (RIVN) stock rose 3.85% amid news that Ensign Peak Advisors Inc significantly increased its position in the company by 22.4%, indicating growing institutional confidence in Rivian's potential.
- Rivian Automotive (NASDAQ: RIVN) stock rose 3.85% due to several optimistic factors, including strong consumer sentiment towards its vehicles, a recent Federal Reserve rate cut that lowers borrowing costs and supports its leasing program, a significant joint venture with Volkswagen, and the potential for a surge in demand for its electric delivery vans following the non-exclusive agreement with Amazon.
- Rivian Automotive (RIVN) stock rose by 5.6% to $11.79, likely due to increased investor interest and trading activity, despite a significant decline in volume compared to its average.
- Rivian Automotive (RIVN) stock rose 3.85% due to positive momentum driven by its cost reduction strategies, successful vehicle deliveries, strong cash position, and a significant joint venture announcement with Volkswagen that enhances its financing outlook and market potential.
- Rivian Automotive Inc. (RIVN) stock rose by 3.85% despite a downgrade from Morgan Stanley and a reduced price target, as investors may be optimistic about the company's potential in the EV market despite facing unique challenges.
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| 2024-09-26 | +1.27 % |
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| 2024-09-25 | -6.84 % |
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| 2024-09-24 | -0.59 % |
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| 2024-09-23 | +1.71 % |
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| 2024-09-19 | +1.94 % |
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| 2024-09-16 | -2.22 % |
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| 2024-09-13 | -1.6 % |
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| 2024-09-12 | -1.51 % |
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| 2024-09-09 | -1.13 % |
- Rivian Automotive (RIVN) stock fell by 1.13% as part of a broader decline in the stock market, where equities experienced their worst week since 2023, in anticipation of upcoming inflation data that may influence the Federal Reserve's interest rate decisions.
- Rivian Automotive (RIVN) stock dropped 1.13% after Goldman Sachs reiterated a Neutral rating with a $13 price target, highlighting the company's modest growth goals, persistent supply chain challenges, and lack of profitability, despite potential long-term growth strategies.
The decline in Rivian's stock is attributed to ongoing operational and production challenges, such as supply chain issues and a recent fire at its plant, along with analysts' concerns about the company's cash burn and inability to achieve profitability.
- Rivian Automotive (RIVN) stock declined by 1.13% due to ongoing concerns about the company's high operating expenses and the challenges it faces in the competitive electric vehicle market since its significant IPO boom in 2021.
- Rivian Automotive (RIVN) stock declined by 1.13% likely due to concerns raised by Deutsche Bank regarding challenges in EV adoption in the U.S. and increasing competition, which may limit growth opportunities in the market, influencing overall sentiment towards related automotive stocks.
- Rivian Automotive Inc. (NASDAQ:RIVN) stock fell by 1.13% due to macroeconomic challenges affecting the automotive industry, including rising inflation that has decreased consumer spending power and an increasing consumer preference for lower-priced vehicles, which poses a particular threat to the higher-priced electric vehicle market.
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| 2024-09-06 | -3.71 % |
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| 2024-09-03 | -6.94 % |
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| 2024-08-08 | +6.78 % |
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| 2024-08-07 | -6.86 % |
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| 2024-08-06 | +1.3 % |
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| 2024-08-05 | -0.75 % |
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| 2024-08-01 | -7.13 % |
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| 2024-07-31 | +1.17 % |
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| 2024-07-25 | -0.12 % |
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| 2024-07-24 | -7.03 % |
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| 2024-07-23 | +1.63 % |
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| 2024-07-22 | +2.81 % |
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| 2024-07-19 | -0.89 % |
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| 2024-07-18 | -1.69 % |
- Summary: Wells Fargo updated its outlook on Rivian Automotive Inc (NASDAQ:RIVN) shares, raising the price target to $18 based on better-than-anticipated delivery results and improved liquidity, but maintained a cautious stance on the company's ability to meet financial targets, leading to a negative 1.69% drop in the stock.
Rivian Automotive (RIVN) stock went down likely due to concerns about the company's ability to achieve breakeven gross profit by the fourth quarter, lower material cost savings on the second-generation R1 vehicle, diminished fixed cost leverage, unchanged pricing, and cautious projections for fiscal year 2024 compared to consensus estimates and Rivian's own guidance. Wells Fargo's updated stance and concern over meeting full-year production goals contributed to the stock decline.
- Rivian Automotive (RIVN) stock declined by 1.69% last night, and the recent decrease was due to the company's failure to meet investors' expectations and disclose important negative factors affecting demand for its electric vehicles, such as overstated demand, inflation, higher interest rates, decreased orders, and production ramp-up issues, which led to a lower-than-expected vehicle production target and earnings forecast for 2024.
- Rivian Automotive's stock (RIVN) dropped by 1.69% last night, and the article discusses how the company's IPO in November 2021 provided a significant cash infusion to support its operations, but the specific reason for the recent stock decline was not mentioned.
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| 2024-07-17 | -4.18 % |
- The article discusses how Rivian Automotive (RIVN) stock experienced a 4.18% decrease in value last night, after its successful IPO in November 2021, which provided a crucial cash infusion to the company that had been facing high operating expenses.
One possible reason for Rivian Automotive's stock going down could be any recent news or developments concerning the company's financial performance, future prospects, industry trends, or overall market conditions. Stock prices are influenced by various factors such as quarterly earnings reports, production delays, changes in consumer demand, or macroeconomic events, which can lead to fluctuations in stock value.
- Summary: According to Morgan Stanley's analyst Adam Jonas, Rivian Automotive (RIVN) stock's potential gain is linked to its role as an automotive supplier and partner rather than solely an electric vehicle company.
Reason for stock decline: As the article does not explicitly mention the reason for Rivian Automotive (RIVN) stock's recent -4.18% decrease, one potential reason could be general market fluctuations, investor sentiment, or other specific company-related news or events that may have influenced the stock's movement.
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| 2024-07-16 | +2.51 % |
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| 2024-07-15 | -3.37 % |
- The article discusses a securities class action lawsuit against Rivian Automotive (RIVN) for allegedly overstating demand for its electric vehicles, concealing negative impacts of inflation and interest rates on demand, failing to meet production targets, and announcing lower production and higher losses than expected, leading to a 25.6% decrease in stock price on February 22, 2024, which reflects investors' concerns regarding the company's performance and outlook.
- The Gross Law Firm issued a notice to Rivian Automotive, Inc. (NASDAQ: RIVN) shareholders regarding a class action lawsuit alleging that Rivian had overstated product demand, leading to reduced demand, increased cancellations, and negatively impacting anticipated earnings and production targets, which could be reasons for the -3.37% decrease in RIVN stock.
- Summary: Rivian Automotive (RIVN) stock surged over 8% driven by cost-reduction strategies and Volkswagen's capital injection, while Tesla (TSLA) stock also saw gains; however, RIVN stock later declined as it is expected to post a quarterly loss, even though earnings estimate revisions have shown some positive trends.
The Rivian Automotive (RIVN) stock went down, possibly due to the company's projected quarterly loss of $1.18 per share and a revenue decline of 11.1% from the year-ago quarter, despite positive trends in earnings estimate revisions.
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| 2024-07-12 | +8.05 % |
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| 2024-07-10 | +4.2 % |
- Summary: Rivian Automotive's stock (RIVN) rose by 4.2% following CEO Robert J. Scaringe's sale of 71,429 shares, indicating insider trading activity and potentially influencing investor sentiment, amidst other recent executive and operational developments within the company.
Reasons for Rivian Automotive (RIVN) stock going up: The stock's increase may be influenced by the CEO's stock transactions, surpassing delivery expectations, maintenance of full-year production outlook, and potential partnerships with significant players in the market like Volkswagen, along with positive analyst sentiments despite concerns over meeting production goals and financial performance data indicating challenges in gross profit margins and profitability.
- The article discusses class action lawsuits against various companies. Rivian Automotive (RIVN) stock rose by 4.2% due to the failure of the company to disclose information regarding the demand for electric vehicles, the impact of inflation and interest rates, order cancellations, production rates, and financial targets, which led to a negative impact on earnings and vehicle production targets for 2024.
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| 2024-07-09 | +1.42 % |
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| 2024-07-08 | +4.73 % |
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| 2024-07-05 | +0.96 % |
- The article provides information on a class action lawsuit against several companies including The Scotts Miracle-Gro Company, Gritstone bio, Inc., Roblox Corporation, and Rivian Automotive Inc., with the reminder dates for investors to petition the court by. Rivian Automotive's stock (RIVN) went up 0.96% last night after a complaint was made regarding the company overstating demand for its electric vehicles (EVs), concealing the negative impact of inflation and interest rates, and failing to meet production targets. Essentially, the stock may have gone up due to market dynamics or investor sentiment notwithstanding the negative information disclosed.
- Rivian Automotive (RIVN) stock was up 0.96% last night, and the stock rose due to defendants failing to disclose various negative impacts on demand and production of electric vehicles, resulting in lower earnings and production targets for 2024.
- The article discusses Rivian Automotive (RIVN) and its recent executive team change, including the resignation of the Chief Accounting Officer and the appointment of an interim replacement, which led to a 0.96% increase in the stock price. The stock may have gone up due to the company demonstrating revenue growth, maintaining production outlook, and announcing a significant partnership with Volkswagen, leading to increased confidence from analysts and potential investors.
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| 2024-07-03 | -1.61 % |
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| 2024-07-02 | +6.97 % |
- Rivian automotive (RIVN) stock rose 6.97% after reporting production and delivery numbers for the second quarter that exceeded analysts' expectations, as the electric vehicle (EV) maker produced 9,612 vehicles and delivered 13,790 units, reaffirming its goal of producing 57,000 vehicles for the fiscal year, amidst positive sentiment in the global EV market and a recent partnership announcement with Volkswagen.
- CFRA analyst reiterated a Sell rating on Rivian Automotive Inc (RIVN) with a $8.00 price target, expressing caution despite the company surpassing Q2 delivery guidance, as concerns over production and meeting full-year targets persist, with recent stock price increase attributed to strategic partnerships and transformative potential with Volkswagen.
- Summary: Rivian Automotive (RIVN) stock rose by 6.97% following the company's report of producing 9,612 electric vehicles and delivering 13,790 EVs in the second quarter, maintaining its full-year production guidance for 57,000 EVs.
Reason for Rivian Automotive (RIVN) stock increase: The stock of Rivian Automotive (RIVN) went up due to the company meeting its expectations by producing and delivering electric vehicles in line with its guidance for the second quarter, demonstrating a positive outlook on its EV production and sales performance.
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| 2024-07-01 | +3.73 % |
- Rivian Automotive (RIVN) stock rose 3.73% last night, potentially due to a class action lawsuit alleging that the Company had previously failed to disclose negative information about its electric vehicle demand, production, and earnings prospects, leading to a major stock price drop in February 2024.
- Rivian Automotive (RIVN) stock went up by 3.73% following an increased price target of $14.00 by RBC Capital as a result of a $2 billion deal with Volkswagen, paving the way for Rivian to progress towards its R-2 platform and financial goals, with analysts expressing confidence in the company's long-term success and strategic partnerships in the electric vehicle industry.
- Summary: The article discusses class action lawsuits against companies such as Gritstone bio, Inc., Roblox Corporation, and Rivian Automotive, with Rivian's stock experiencing a 3.73% increase. Rivian's stock has gone up because investors may have received positive news or updated information about the company's electric vehicle production, possibly indicating improved prospects for the company.
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| 2024-06-28 | -7.26 % |
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| 2024-06-27 | -1.83 % |
- The article discusses how Volkswagen's investment in Rivian Automotive Inc. (RIVN) did not improve its stock performance, as it remains a challenging stock for investors with recent rallies not resulting in long-term gains; Rivian Automotive (RIVN) stock went down by -1.83% last night possibly due to investor sentiment, market conditions, or general company performance.
- Summary: The article discusses the potential impact of the first presidential debate between Joe Biden and Donald Trump on various stocks and sectors, including Rivian Automotive (RIVN), with a specific focus on policies related to electric vehicles (EVs), clean energy, tariffs, and other issues.
Reason why Rivian Automotive (RIVN) stock goes down: The stock market may have been affected by the uncertainty surrounding the upcoming US election, with investors closely monitoring policy discussions during the debate, particularly on topics like tariffs and EV policies, which could have influenced the downward trend in Rivian Automotive (RIVN) stock.
- The article discusses BlackBerry Limited's strong financial performance in the first quarter of fiscal year 2025, particularly in its IoT and cybersecurity divisions, showcasing growth in revenues and cost efficiency. Despite BlackBerry's positive earnings report suggesting resilience and adaptability, the stock for Rivian Automotive (RIVN) went down by -1.83% last night due to reasons specific to Rivian's own operational and market conditions.
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| 2024-06-26 | +23.24 % |
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| 2024-06-25 | +8.63 % |
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| 2024-06-24 | +6.69 % |
- The article discusses Rivian Automotive's fluctuating stock performance, with yesterday's 6.69% increase, and attributes the rise in Rivian Automotive (RIVN) stock to various factors contributing to the company's evolution in the electric vehicle market.
- The article talks about a class-action lawsuit against Rivian Automotive, Inc. (RIVN) due to allegations of the company overstating demand for its electric vehicles, concealing negative effects of inflation and interest rates, and failing to meet production targets, which led to a significant drop in the stock price. Rivian's stock price surged by 6.69% likely due to positive market sentiment or news affecting the electric vehicle sector.
- The article is about a securities class action lawsuit filed against Rivian Automotive, Inc. (RIVN) for allegedly failing to disclose negative information that impacted its anticipated earnings and vehicle production targets for 2024, leading to a significant drop in its stock price on February 22, 2024; Rivian's stock may have gone up due to market fluctuations, news, or investor sentiment, as the article does not explicitly mention the reason for the increase.
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| 2024-06-21 | -0.1 % |
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| 2024-06-18 | +0.55 % |
- The article discusses the struggles faced by U.S. electric vehicle startups, such as Fisker, Lucid Group, Rivian Automotive, and Nikola, due to challenges with fundraising, production, and demand, leading to layoffs, price adjustments, and financial restructuring. Rivian Automotive's stock went up by 0.55% last night possibly due to its announcement of new models, cost-cutting measures, and cash conservation efforts amidst a competitive market.
- The article discusses a class action securities lawsuit against Rivian Automotive, Inc. alleging securities fraud, stating that Rivian had overstated demand for its products, affecting its earnings negatively, and investors who suffered a loss in Rivian stock during a specified period can request to be lead plaintiff by July 30, 2024; despite this, last night Rivian Automotive (RIVN) stock was up 0.55% likely due to various factors such as market sentiment, company developments, or broader industry trends.
- Summary: The article discusses a class action lawsuit against Rivian Automotive, Inc. for alleged violations, encouraging affected shareholders to contact the Schall Law Firm before a specified date.
Rivian Automotive (RIVN) stock may have gone up due to investors reacting positively to news or developments about the company that may not be related to the class action lawsuit mentioned in the article.
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| 2024-06-17 | +0.74 % |
- Summary: The article discusses a class action lawsuit against Rivian Automotive, Inc. for violations of the Securities Exchange Act of 1934, alleging that the company made false statements about customer demand for its vehicles and its ability to manage macroeconomic pressures, resulting in damages to investors. Despite this, Rivian Automotive stock saw a slight increase of 0.74% last night.
Rivian Automotive (RIVN) stock may have gone up due to various market factors independent of the class action lawsuit, such as positive news about the company's CEO RJ Scaringe announcing the end of a deal with Amazon and introduction of new features. Additionally, market sentiment, industry trends, and investor expectations can also influence stock price movements.
- The article discusses a securities class action lawsuit filed against Rivian Automotive, Inc. alleging that the company failed to disclose certain negative factors affecting its electric vehicle demand and production targets, resulting in a decline in stock price after a financial results announcement; however, despite the lawsuit, Rivian Automotive (RIVN) stock was up by 0.74% last night possibly due to market fluctuations or positive news.
- The article discusses a notice issued by The Gross Law Firm to Rivian Automotive, Inc. (RIVN) shareholders about a class action lawsuit alleging that the company made false and misleading statements regarding its product demand and financial health, urging shareholders to take action before July 30, 2024, which could explain the stock's increase.
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| 2024-06-14 | -2.07 % |
- The article notifies investors of a class action securities lawsuit against Rivian Automotive, Inc. (RIVN) alleging securities fraud resulting from overstated demand for products and reduced orders, leading to a negative impact on earnings and vehicle production targets, which could have contributed to the recent -2.07% decline in Rivian Automotive's stock price.
- The article discusses a class action lawsuit filed against Rivian Automotive, Inc. (RIVN) and its officers for alleged violations of federal securities laws related to misleading statements about demand, production, and earnings. The stock price of Rivian went down by 2.07% likely due to the company's failure to meet analyst expectations for vehicle production and earnings, leading to a significant decline in market value and investor losses.
- The article announces an investigation by The Schall Law Firm regarding claims of violations of securities laws by Rivian Automotive, Inc. (NASDAQ: RIVN), suggesting that Rivian's stock went down due to overstated customer demand, high interest rates leading to weakened customer demand and order cancellations, and eroding order bank, ultimately resulting in false and misleading public statements causing damages to investors.
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| 2024-06-13 | -5.85 % |
- The article discusses a potential investigation into Rivian Automotive, Inc. (NASDAQ: RIVN) for possible violations of securities laws, suggesting that the stock may have gone down due to allegations of the company overstating customer demand for its vehicles and its ability to withstand macroeconomic pressures, leading to weakened customer demand, order cancellations, and eroded order bank, ultimately resulting in investor losses.
- Rivian Automotive (RIVN) stock was down by -5.85% last night, possibly due to a class action lawsuit filed against the company alleging securities fraud and other unlawful business practices, as well as lower-than-expected 2023 EV production targets, decreased 2024 EV production expectations, and a higher-than-expected adjusted EBITDA loss leading to negative investor sentiment and subsequent stock price drops.
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| 2024-06-12 | -0.59 % |
- Summary: Rivian Automotive (RIVN) CEO Robert J. Scaringe sold shares totaling over $820,000 under a pre-arranged Rule 10b5-1 trading plan, with the CEO's direct holdings decreasing but maintaining substantial indirect interests. The stock went down possibly due to concerns over slower vehicle production ramp-up and EV demand, despite recent advancements reported by the company and maintained ratings from investment firms, indicating continued focus on technical progress and efficient production.
Reason for Rivian Automotive (RIVN) stock going down: The stock may have gone down due to concerns about slower vehicle production ramp-up, a slowdown in electric vehicle demand, substantial cash burn, weak gross profit margins, and 12 analysts revising earnings downwards for the upcoming period.
- The article provides information about class action lawsuits against various companies, including Rivian Automotive Inc. (RIVN), with specific details about the alleged misleading statements made by the defendants leading to stock price declines, such as overstating demand and revenue projections. Rivian's stock price went down due to accusations that the company had overstated demand for its products, experienced reduced demand, and was impacted by high interest rates, affecting its earnings and production targets.
- The article provides information about various class actions initiated by Bragar Eagel & Squire, P.C. including one against Rivian Automotive, Inc. (NASDAQ: RIVN) to remind investors about upcoming deadlines to petition the court as lead plaintiff. The Rivian Automotive (RIVN) stock went down because the company had allegedly overstated product demand, leading to reduced demand and increased cancellations due to factors like high interest rates, impacting the company's earnings and production targets for 2024.
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| 2024-06-10 | +3.04 % |
- The article discusses a notice to shareholders of Rivian Automotive, Inc. (RIVN) issued by The Gross Law Firm regarding a class action lawsuit, alleging that Rivian had overstated demand for its products, leading to reduced demand and increased cancellations, affecting earnings and production targets for 2024. The stock of Rivian Automotive (RIVN) went up by 3.04% likely due to factors beyond the scope of this article.
- The article discusses a securities class action lawsuit filed against Rivian Automotive, Inc. (RIVN) due to allegations that the company misrepresented various factors such as demand for its electric vehicles and its production capabilities, leading to a negative impact on its earnings and production targets for 2024. Rivian's stock price fell significantly on February 22, 2024, after the company announced lower EV production forecasts and expected losses. However, the stock was up 3.04% last night for reasons that are not explained in the article.
- The article discusses Rivian Automotive, Inc. (NASDAQ:RIVN)'s place in the global EV market, with electric car sales surging in 2023, leading to a 3.04% increase in its stock value. Rivian's stock went up due to its strong Q1 2024 revenue of $1.2 billion, delivering 13,588 vehicles, and analysts' positive long-term outlook, despite near-term challenges, such as scaling limitations and shutdowns for upgrades.
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| 2024-06-07 | -1.87 % |
- The article discusses a class action lawsuit filed against Rivian Automotive, Inc. (RIVN) for alleged violations of federal securities laws, claiming that the company made false statements about its business and prospects, leading to a decline in stock value after announcing lower production forecasts and financial results for 2024. The stock price went down due to Rivian overstating demand for its electric vehicles, hiding the impact of inflation and interest rates, declining orders, production delays, and lower earnings projections.
- The article announces a class action lawsuit against Rivian Automotive, Inc. alleging that the company made false and misleading statements about its business operations, leading to a 25.6% drop in its stock price on February 22, 2024, due to concerns such as overstating demand for its electric vehicles, concealing the impact of inflation and interest rates, and failing to meet production targets.
- The article discusses the decline in stock performance of electric vehicle manufacturers Rivian (RIVN) and Lucid Group (LCID), attributing Rivian's -1.87% stock drop to the company's high cash burn rate and challenges in improving operating losses despite growing revenues.
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| 2024-06-06 | +2.53 % |
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| 2024-06-05 | +2.05 % |
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| 2024-06-04 | -1.58 % |
- The article summarizes class actions against various companies, including Rivian Automotive, Inc. (RIVN), with allegations of making false or misleading statements that impacted their stock prices; Rivian's stock went down due to overstated demand and reduced order bank, lower production targets, and negative macroeconomic impacts that were not adequately disclosed, causing a 25.6% drop in share price on February 22, 2024.
- Summary: A securities class action lawsuit has been filed against Rivian Automotive, Inc. alleging that the company failed to disclose certain information leading to a negative impact on its anticipated earnings and vehicle production targets for 2024.
Reason for Rivian Automotive (RIVN) stock going down: Rivian's stock price fell due to the company announcing lower than expected production targets for 2024, an increased loss forecast, and staff cuts, which raised concerns about the company's future performance and financial outlook.
- The article discusses class actions filed against various companies including Rivian Automotive (RIVN), whose stock experienced a 1.58% decrease, due to allegations that the company made misleading statements about its business operations and prospects, particularly regarding its product demand, ability to withstand macroeconomic impacts, and production targets, leading to a negative impact on anticipated earnings and vehicle production targets for 2024.
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| 2024-05-31 | -0.46 % |
- The article discusses Wells Fargo & Company MN increasing its holdings in Rivian Automotive (RIVN) stock, alongside other investors adding or reducing stakes, while company insiders have also been selling shares, resulting in a 0.46% decrease in the stock. The Rivian Automotive stock likely went down due to negative earnings results, with a net margin and return on equity showing a negative value, along with missing earnings estimates for the quarter.
- The article highlights that Rivian Automotive (RIVN) stock was down by -0.46% last night, and with the stock being down 86% from its IPO, many investors are being pushed away due to the deteriorating nature of its price, attributing this to the unfavorable environment for EV stocks in 2024.
- The article discusses PNC Financial Services Group Inc. growing its position in Rivian Automotive, Inc. and other institutional investors modifying their holdings in the company, while several research analysts have issued reports on Rivian Automotive's stock. The reason for Rivian Automotive's stock going down could be its recent quarterly earnings report on May 7th showing a negative EPS, missing the consensus estimate, along with a negative net margin and return on equity.
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| 2024-05-30 | +7.34 % |
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| 2024-05-29 | -1.92 % |
- The article discusses a class action lawsuit against Rivian Automotive, Inc. (RIVN) for allegedly overstating demand for its products and failing to disclose negative impacts, resulting in reduced demand, increased cancellations, and a deteriorated order bank, leading to a negative impact on earnings and production targets for 2024; therefore, last night's 1.92% decrease in Rivian Automotive's stock price may be attributed to these allegations.
- Summary: The article discusses how the golden age of electric vehicles (EVs) seems to be ending, with EV sales stalling and EV stocks like Rivian Automotive (RIVN) plummeting, while the oil and gas industry is thriving due to rising oil prices, driving record profits, excess cash, and a wave of consolidations and acquisitions.
Reason for Rivian Automotive (RIVN) stock going down: Rivian Automotive (RIVN) stock has declined due to the overall slowdown in the EV market, with EV sales stagnating and EV stocks struggling, while oil and gas companies are thriving and consolidating due to rising oil prices and better returns from onshore drilling operations, such as in the Permian Basin.
- The article informs that Rivian Automotive (RIVN) stock was down by -1.92% last night, and the company's Founder and CEO RJ Scaringe will participate in a fireside chat at Bernstein’s 40th Annual Strategic Decisions Conference, with the stock possibly going down due to factors such as market sentiment, investor reactions, or external events impacting the electric vehicle sector.
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| 2024-05-28 | -0.19 % |
- The article reveals that a class action lawsuit was filed against Rivian Automotive, Inc. (RIVN) alleging that the company misled investors about the demand for its products, leading to reduced demand, increased customer cancellations, and negatively impacting the company's anticipated earnings, which caused Rivian's stock to drop by 25.6% on February 22, 2024. The stock may have decreased last night due to these revelations affecting investor confidence in the company's financial health and future prospects.
- The article discusses how Rivian Automotive (RIVN) stock dropped by -0.19% and mentions that U.S. electric vehicle manufacturers like Rivian are facing challenges due to trade-war tensions and government policies affecting demand for clean-energy vehicles, ultimately affecting the stock price.
- The Gross Law Firm has issued a notice to shareholders of Rivian Automotive, Inc. (RIVN) stating that during the class period, allegations were made that Rivian had overstated demand for its products, leading to reduced demand and increased cancellations, ultimately impacting the Company's anticipated earnings and vehicle production targets for 2024, which could be a reason why Rivian Automotive's stock went down by -0.19%.
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| 2024-05-23 | -7.01 % |
- Summary: Faruqi & Faruqi, LLP is investigating potential claims against Rivian Automotive, Inc. for potential securities law violations with a deadline for investors to seek a lead plaintiff role in a federal securities class action by June 18, 2024, following Rivian's stock decline of 7.01%.
Reason for Rivian Automotive (RIVN) Stock Decline: Rivian's stock price decreased due to the announcement on February 21, 2024, of its lower production expectations for 2024, higher losses than analyst predictions, and staff cuts attributed to reduced demand and increased cancellations linked to factors including high interest rates and economic uncertainty, which resulted in a 25.6% drop in share value.
- The article discusses a class action securities lawsuit against Rivian Automotive, Inc. (RIVN) for alleged securities fraud related to overstated demand, reduced orders, and negative impacts on earnings and vehicle production targets, leading to a -7.01% drop in Rivian's stock price.
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| 2024-05-22 | +6.47 % |
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| 2024-05-21 | -2.24 % |
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| 2024-05-20 | -2.1 % |
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