Shares of Rivian Automotive Inc. jumped 4.0% in premarket trading Monday toward a fifth-straight gain after the electric vehicle maker announced...
Shares of Rivian Automotive Inc.
jumped 4.0% in premarket trading Monday toward a fifth-straight gain after the electric vehicle maker announced second-quarter production and delivery data. The stock, which soared 23.9% amid a four-day win streak through Friday, was on track to open at the highest price seen during regular-session hours since March 6. The company said it delivered 12,640 vehicles in the quarter to June 30, nearly triple the 4,467 vehicles delivered in the same period a year ago.
jumped 4.0% in premarket trading Monday toward a fifth-straight gain after the electric vehicle maker announced second-quarter production and delivery data. The stock, which soared 23.9% amid a four-day win streak through Friday, was on track to open at the highest price seen during regular-session hours since March 6. The company said it delivered 12,640 vehicles in the quarter to June 30, nearly triple the 4,467 vehicles delivered in the same period a year ago.
announced over the weekend second-quarter deliveries rose to a record, and well above expectations. Rivian shares have gained 9.4% over the past three months through Friday, while Tesla’s stock has run up 34.4% and the S&P 500 SPX has tacked on 7.9%.
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