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Stockreport

Why Rivian Stock Bounced Back on Tuesday [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
After falling for four straight days -- including a sharp drop yesterday on news the electric-car market has gotten so bad that Tesla (NASDAQ: TSLA) must lay off 10% of its workers -- shares of Rivian jumped 4.3% through noon ET today. One bank says Rivian is no longer a sell Up until yesterday, investment bank UBS had Rivian stock pegged for a sell rating and a $9 price target. Today, UBS still thinks it's worth only $9 a share, a far cry from the $130-plus the stock fetched back around its initial public offering. But the bank no longer thinks it's a sell. Last night, UBS upgraded Rivian to neutral as the stock approaches its price target. "The stock price now better considers some of our midterm concerns," the bank said. UBS now believes $9 is the right price if Rivian does only $4.5 billion in sales next year. If the electric-vehicle (EV) company can reach $5.1 billion in sales (as the bank predicts), the stock might actually go up. And any money from pre-orders for its up [Read more]
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Stockreport

Why Rivian Stock Bounced Back on Tuesday [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
After falling for four straight days -- including a sharp drop yesterday on news the electric-car market has gotten so bad that Tesla (NASDAQ: TSLA) must lay off 10% of its workers -- shares of Rivian jumped 4.3% through noon ET today. One bank says Rivian is no longer a sell Up until yesterday, investment bank UBS had Rivian stock pegged for a sell rating and a $9 price target. Today, UBS still thinks it's worth only $9 a share, a far cry from the $130-plus the stock fetched back around its initial public offering. But the bank no longer thinks it's a sell. Last night, UBS upgraded Rivian to neutral as the stock approaches its price target. "The stock price now better considers some of our midterm concerns," the bank said. UBS now believes $9 is the right price if Rivian does only $4.5 billion in sales next year. If the electric-vehicle (EV) company can reach $5.1 billion in sales (as the bank predicts), the stock might actually go up. And any money from pre-orders for its up [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS