Rivian Automotive Inc Class A
RIVN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| #@W | LOCK|q@ | LOCK|n#>hYTF |
Rivian: Shares Plunge on Stock Offering Despite Second-Quarter Revenue Above Consensus
Rivian announced it will issue up to 86.25 million shares. The company also announced its second-quarter revenue range, which was above the midpoint of FactSet consensus estimates. Rivian shares were down 13% at the time of writing on July 7 on the news.
