|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's range||25.72 - 27.87|
|52-week range||19.25 - 179.47|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||11 May 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||65.79|
Yahoo Finance's Pras Subramanian joins the Live show to discuss electric vehicle adoption in the U.S. and which brands are leading the way.
Shares of several U.S.-based electric vehicle (EV) companies are moving higher today and investors can probably thank Rivian Automotive (NASDAQ: RIVN) for that. Shares of Rivian jumped as much as 11.2% in early trading today, and that helped the stocks of other EV names, including Lucid Group (NASDAQ: LCID) and Nikola (NASDAQ: NKLA), to also move higher by 6% and 6.8%, respectively. After the entire EV sector has seen recent stock declines driven by manufacturing and cost headwinds, Rivian CEO RJ Scaringe injected some new confidence with a filing yesterday showing he just bought more than $1 million in his company's stock.
Ford's (F) latest sell-off of 7 million Rivian shares for $188.2 million brings the U.S. legacy automaker's total stake in the EV startup to less than 10%.