Rivian Stock Is Rallying After The Close: What's Going On?
Portfolio Pulse from Adam Eckert
Rivian Automotive Inc (NASDAQ:RIVN) shares are surging in after-hours trading following reports of a $5 billion investment from Volkswagen to form a joint venture focused on next-generation battery-powered vehicles. The stock also benefited from a positive analyst rating from Guggenheim.
June 25, 2024 | 8:52 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rivian shares are surging after-hours due to a $5 billion investment from Volkswagen for a joint venture focused on next-gen battery-powered vehicles. Positive analyst coverage from Guggenheim also contributed to the stock's rise.
The $5 billion investment from Volkswagen is a significant boost for Rivian, indicating strong future collaboration and development in the EV sector. Additionally, positive analyst coverage from Guggenheim further supports the stock's upward momentum.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100