What's Going On With Rivian Stock Wednesday?
Portfolio Pulse from Erica Kollmann
Rivian Automotive, Inc. (NASDAQ:RIVN) shares are experiencing volatility, with the stock up nearly 5% in the last five days and 80% over the last month. The stock is moving on heavy volume with more than 53 million shares traded in the session. Barclays analyst Dan Levy maintained an Overweight rating on Rivian and raised the RIVN price target from $22 to $30. Rivian recently reported its Q2 production of 13,992 electric vehicles and delivery of 12,640 vehicles, and is on track to achieve its annual production goal of 50,000 vehicles.
July 12, 2023 | 4:35 pm
News sentiment analysis
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POSITIVE IMPACT
Rivian's stock is experiencing volatility, with a significant increase over the past month. Barclays analyst has maintained an Overweight rating and raised the price target, indicating positive sentiment. The company's Q2 production and delivery numbers, along with its progress towards its annual production goal, may also positively impact the stock.
The stock's recent volatility and significant increase over the past month indicate a high level of investor interest. The Overweight rating and increased price target from Barclays analyst Dan Levy suggest a positive outlook for the stock. Additionally, the company's strong Q2 production and delivery numbers, as well as its progress towards its annual production goal, are likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100