Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

RIVIAN AUTOMOTIVE, INC.

(RIVN)
  Report
Delayed Nasdaq  -  04:00 2022-12-07 pm EST
27.94 USD   +0.18%
12/07Automakers, South Korea urge U.S. to tap commercial EV tax credit
RE
12/05GM's BrightDrop signs first customer in Canada, unveils country's first large EV factory
RE
12/05Rivian Automotive Signs Power Purchase Deal Linked to Proposed Goose Creek Wind Farm
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dow eyes record highs in thin holiday trade; retailers jump

12/29/2021 | 10:26am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* Dow nears an all-time high

* Tesla CEO Musk nears 10% stake sale pledge

* Rivian slips on delaying deliveries for EV truck and SUVs

* Indexes: Dow rises 0.26%, S&P up 0.12%, Nasdaq dips 0.17%

Dec 29 (Reuters) - The Dow inched towards an all-time high on Wednesday, on a boost from retailers Home Depot and Nike, while record daily U.S. COVID-19 infections kept gains in check amid low liquidity in the final week of the year.

Home Depot and Nike Inc advanced 1% and 2%, respectively, against the backdrop of recent reports suggesting holiday sales were strong for U.S. retailers.

Some early studies pointing to a reduced risk of hospitalization in Omicron cases have helped investors look past the travel disruptions and powered the S&P 500 to record highs this week.

"The market thinks that Omicron is going to hit just a few sectors of the whole economy, and most stocks will be good for that," said Luiz Pacheco, wealth advisor at Brainvest Wealth Management based in Miami.

Meanwhile, the S&P 1500 airlines index shed 1.3%. Delta Air Lines and Alaska Air Group canceled hundreds of flights again on Tuesday as daily tally of infections in the United States surged.

Six of the 11 major S&P sector indexes advanced. The energy index, though, slipped 0.6% as oil prices slipped on demand concerns.

Typically, the final five trading days of the year and the first two of the subsequent year are seasonally strong for U.S. stocks. However, market participants warned against reading too much into daily moves as the holiday season tends to record some of the lowest volume turnovers that cause exaggerated price action.

At 10:05 a.m. ET, the Dow Jones Industrial Average was up 93.90 points, or 0.26%, at 36,492.11, the S&P 500 was up 5.79 points, or 0.12%, at 4,792.14, and the Nasdaq Composite was down 27.45 points, or 0.17%, at 15,754.27.

The S&P 500 dipped on Tuesday in the lowest trading volume session of 2021, snapping a four-day winning streak.

As 2021 draws to a close, the main U.S. stock indexes are on pace for their third straight year of stunning annual returns, boosted by historic fiscal and monetary stimulus. The S&P 500 is looking at its strongest three-year performance since 1999.

The focus next year will shift to the U.S. Federal Reserve's path of interest rate hikes amid a surge in prices caused by supply chain bottlenecks and a strong economic rebound.

Among other stocks, Rivian Automotive dropped 3.6% after company announced it would delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023.

Electric-car maker Tesla's CEO Elon Musk exercised all of his options expiring next year, signaling an end to his stock sales. Its shares dropped 1.3% but were still on course to end about 54% for the year.

Declining issues outnumbered advancers for a 1.16-to-1 ratio on the NYSE and for a 1.97-to-1 ratio on the Nasdaq.

The S&P index recorded 53 new 52-week highs and no new low, while the Nasdaq recorded 38 new highs and 240 new lows. (Reporting by Medha Singh and Anisha Sircar in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES INDUSTRIAL 0.00% 33597.92 Real-time Quote.-7.55%
RIVIAN AUTOMOTIVE, INC. 0.18% 27.94 Delayed Quote.-73.10%
TESLA, INC. -3.21% 174.04 Delayed Quote.-50.59%
All news about RIVIAN AUTOMOTIVE, INC.
12/07Automakers, South Korea urge U.S. to tap commercial EV tax credit
RE
12/05GM's BrightDrop signs first customer in Canada, unveils country's first large EV factor..
RE
12/05Rivian Automotive Signs Power Purchase Deal Linked to Proposed Goose Creek Wind Farm
MT
12/05Rivian Inks Wind Energy Deal with Apex Clean Energy to Power Illinois Manufacturing
BU
11/30Evercore ISI Starts Rivian Automotive at In Line With $35 Price Target
MT
11/29Transcript : Rivian Automotive, Inc. Presents at Redburn CEO Conference (fire..
CI
11/28Rivian Founder and CEO RJ Scaringe to Participate in the Redburn 2022 CEO Conference
BU
11/21Rivian Automotive Facing Accusations of Safety Violations at Illinois Plant
MT
11/17KULR Stock Ramps Higher After Announcing Battery Safety Deal With Largest U.S Auto Manu..
AQ
11/15KULR Stock Higher After Earnings; Guidance Calls For Accelerating Growth In Q4 And 2023..
AQ
More news
Analyst Recommendations on RIVIAN AUTOMOTIVE, INC.
More recommendations
Financials (USD)
Sales 2022 1 765 M - -
Net income 2022 -6 878 M - -
Net cash 2022 9 884 M - -
P/E ratio 2022 -3,64x
Yield 2022 -
Capitalization 25 732 M 25 732 M -
EV / Sales 2022 8,98x
EV / Sales 2023 3,93x
Nbr of Employees 10 422
Free-Float 87,0%
Chart RIVIAN AUTOMOTIVE, INC.
Duration : Period :
Rivian Automotive, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RIVIAN AUTOMOTIVE, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 27,94 $
Average target price 47,06 $
Spread / Average Target 68,4%
EPS Revisions
Managers and Directors
Robert Joseph Scaringe Chairman & Chief Executive Officer
Claire McDonough Chief Financial Officer
Nick Kalayjian EVP-Engineering, Product Development & Programs
Frank Klein Chief Operations Officer
Karen Boone Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
RIVIAN AUTOMOTIVE, INC.-73.10%25 732
TESLA, INC.-50.59%549 575
LI AUTO INC.-29.63%22 042
NIO INC.-60.29%20 788
LUCID GROUP, INC.-77.37%14 469
XPENG INC.-78.14%9 482