Rivian Automotive (RIVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Shares of Rivian Automotive Inc. (NASDAQ: RIVN) are changing hands for 16.7% more than a week ago, after it posted strong third-quarter results.
$179.47. That's Rivian's record share price set in November 2021, shortly after its initial public offering. Rivian's stock fell to as low as $8.26 in April 2024, marking a 95% rout from its peak.
Rivian Automotive Inc (NASDAQ:RIVN) is one of the better-performing stocks out there today, last seen up 7.4% to trade at $17.62 and trading at 18-month highs.
Rivian Automotive (RIVN) increased by 37%, in the past three months, driven by a significant rise in revenue and a rapidly increasing valuation multiple.
RIVN stock (NASDAQ: RIVN) recently increased by over 23% after the company announced Q3 results that surpassed expectations, indicating a possible turning point in its fundamentals. Revenue grew 78% year-over-year to $1.56 billion, while gross profit turned positive at $24 million – ending two consecutive quarters of losses.
Shares of Rivian Automotive (NASDAQ:RIVN) popped 26.87% over the past five trading sessions after losing 1.57% the five prior.
After Rivian Automotive Inc. (NASDAQ: RIVN) went public four years ago, at $78 a share to raise $12 billion, the stock soared to $170 per share.
Rivian Automotive (RIVN) has exhibited remarkable rallies. The stock experienced surges of over 50% within a two-month timeframe on four separate occasions, particularly in 2022 and 2024, while five rallies saw increases beyond 30% in less than two months during 2023 and 2024.
Shares of Rivian Automotive Inc. NASDAQ: RIVN are once again on the verge of a breakout, as they knock on the door of the $15-16 level that bears have been defending vigorously all year. If they can manage to break through, then they could be on track to deliver one of the year's most dramatic recovery rallies.
Rivian Automotive on Friday replaced Chief Executive RJ Scaringe's previous compensation plan with a larger stock award that will only pay out if the electric-vehicle maker hits new profit targets along with reduced share price milestones.
Rivian has given its founder and CEO RJ Scaringe a new performance-based stock award that could ultimately be worth around $5 billion if all the underlying goals are met, according to a new filing.