What's Going On With Rivian Stock?
Portfolio Pulse from Adam Eckert
Rivian Automotive Inc's shares have been volatile, with a 20% increase over the last week and nearly 75% over the last month. The rally was driven by the company's Q2 production and delivery numbers, which were in line with expectations. Several analysts raised price targets on the stock following the announcement. Rivian will report Q2 financial results on Aug. 8.
July 10, 2023 | 2:37 pm
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POSITIVE IMPACT
Rivian's stock has seen a significant increase due to positive Q2 production and delivery numbers. Analysts have raised their price targets, indicating a positive outlook.
Rivian's Q2 production and delivery numbers were in line with expectations, which has led to a positive market reaction. The raised price targets by analysts further indicate a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100