|Bid||13.72 x 800|
|Ask||13.75 x 2900|
|Day's range||13.41 - 13.99|
|52-week range||12.58 - 56.76|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of electric truck manufacturer Rivian Automotive (NASDAQ: RIVN) tumbled 2.4% on Wednesday, only to spin around and race ahead 4.6% on Thursday (as of 10:55 a.m. ET). Curiously, the report that seems to have inspired this turnaround (a positive report from Morgan Stanley) actually came out yesterday -- but was immediately drowned out by news of another 0.25% interest rate hike at the Federal Reserve, and by Treasury Secretary Yellen's disclaimer of a plan to expand bank customers' deposit insurance. As the ratings watcher explains, Morgan Stanley reiterated its overweight (i.e., buy) rating on Rivian stock Wednesday, observing that at $13 a share, Rivian stock trades for only a few cents more than the $12.48 it has in cash.
Rivian (NASDAQ: RIVN) is investing aggressively to ramp up production. Palantir (NYSE: PLTR) has signaled it is approaching profitability on the bottom line. This video will answer which one of these growth stocks is the best one to buy now.
Zacks.com users have recently been watching Rivian Automotive (RIVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.