NEW YORK, NY / ACCESSWIRE / June 26, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Rivian Automotive, Inc. ("Rivian" or "the Company") (NASDAQ:RIVN) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Rivian securities between August 12, 2022, and February 21, 2024, inclusive (the "Class Period").
Today's session has been excellent so far for Rivian (NASDAQ: RIVN ) stock. Known for making electric trucks and SUVs, Rivian recently added an important name to its investor list.
NEW YORK, NY / ACCESSWIRE / June 26, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Rivian Automoative, Inc. ("Rivian" or the "Company") (NASDAQ:RIVN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
Rivian (RIVN) and Volkswagen plan to form a JV to build next-generation electrical architecture and advanced software technology for their future vehicles.
Rivian Automotive (NASDAQ: RIVN ) stock is up on Wednesday and Cantor Fitzgerald has increased its price target for the electric vehicle (EV) company's shares. This has Cantor Fitzgerald analyst Andres Sheppard increasing the firm's price target for RIVN stock from $15 per share to $19 per share.
Rivian (NASDAQ: RIVN ) stock is up about 40% in the last 24 hours after signing a joint venture deal with German carmaker Volkswagen (OTCMKTS: VWAGY ) Volkswagen will put up to $5 billion into the venture, licensing Rivian's hardware design and electrical system for next-generation electric vehicles (EVs). About $1 billion will come in right away, the other $4 billion going to the joint venture over time.
Though Rivian (NASDAQ: RIVN) had been on a steady decline along with much of the electric vehicle (EV) industry since the start of 2024, the EV maker received a massive boost late on June 25 – one which saw the stock rocket as much as 50% in the pre-market on June 26.
Rivian Automotive Inc. drew praise from at least two analysts on Wednesday as its stock rallied in premarket trades on the electric vehicle maker's joint venture with German care giant Volkswagen.
Rivian Automotive (RIVN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
24/7 Insights Volkswagen's $5 billion investment in Rivian Automotive Inc.
Electric vehicle maker Rivian Automotive, Inc. RIVN is poised to extend its gains on Wednesday, with the upward momentum likely accelerating. Rivian announced Tuesday plans to form an equally controlled and owned joint venture with Volkswagen AG's VWAGY U.S. subsidiary to create next-generation electrical architecture and best-in-class software technology.
With the impressive gains Rivian Automotive (NASDAQ: RIVN) has experienced in the pre-market by adding almost 50% to its price, the news has quickly gripped the EV investor community.