When Rivian went public in Nov. 2021, it priced its IPO at $78 a share, making the company worth more than $66.5 billion. Shortly afterward, the stock ballooned to $129.95 a share but quickly found itself tumbling back down to earth. By Feb. 28, the stock had fallen to $67.56 a share, or more than 48 percent down from its peak.
Full Answer
Is Rivian Automotive stock up 32% in two days?
Feb 11, 2022 · [12/14/2021] What’s Happening With Rivian Stock? Electric pick-up truck startup Rivian went public in early November and currently trades at about $119 per share, marking an increase of about 50%...
Why is Rivian stock so expensive?
May 11, 2022 · Rivian Automotive (NASDAQ: RIVN) stock crashed yet again today, tumbling 7.5% by noon. It's evident the market is increasingly worried about what the electric vehicle (EV) manufacturer may have to...
What's happened to Rivian?
May 13, 2022 · What happened. Rivian Automotive ( RIVN 10.37%) stock rocketed yet again this morning, surging as high as 15.1% within 15 minutes of the market's opening. The electric vehicle (EV) stock has ...
Did the timing of Rivian's IPO help or hurt?
Mar 02, 2022 · Rivian stock was down 13.3% as of 10:30 a.m. ET. So what The drop is coming a day after the stock also declined when fellow EV start-up Lucid Group slashed its production estimates for 2022 due to...
What happened
Ahead of what could be one of the most highly anticipated earnings reports of the year, investors in EV start-up Rivian Automotive (NASDAQ: RIVN) are taking profits today. After a very successful initial public offering (IPO) last month, shares of Rivian have since dropped 36% from their high.
So what
Rivian is set to announce its first quarterly financial report as a public company after the closing bell this afternoon. Investors won't be overly concerned with the profit and loss numbers, however.
Now what
One expectation from this afternoon's report is that the company will announce plans for a new EV and battery factory in Georgia. That has been rumored since last month, and CNBC reports today that sources told the Associated Press that the $5 billion plant will be announced later today.
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