Previous close | 19.71 |
Open | 20.44 |
Bid | 20.28 x 1000 |
Ask | 20.20 x 1100 |
Day's range | 20.32 - 22.09 |
52-week range | 15.28 - 71.50 |
Volume | |
Avg. volume | 21,075,778 |
Market cap | 18.445B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | -14.53 |
Earnings date | 28 Feb 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 38.78 |
Shares of electric vehicle manufacturers and suppliers surged higher on Thursday as traders rotated back into high-growth and high-risk stocks. Investors have had an evening to digest the Federal Reserve's announcement of a 25 basis point increase in the federal funds rate -- a smaller bump than its previous recent increases. The EV industry's big mover of the morning was QuantumScape (NYSE: QS), which popped by as much as 18%, but Rivian Automotive (NASDAQ: RIVN) also jumped 12.1%, Lucid (NASDAQ: LCID) rose 10%, and Canoo (NASDAQ: GOEV) rose 7.4% at its peak.
Rivian Automotive (RIVN) closed the most recent trading day at $19.71, moving +1.6% from the previous trading session.
Yahoo Finance automotive reporter Pras Subramanian explains Rivian's recent round of layoffs amid pressures to ramp up its EV production targets.