News Formal

Stocks making the biggest moves premarket: Rivian, FedEx, Whirlpool, Nvidia, Micron and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 77%
  • Publisher: 72%

Breaking News News

Market Insider,Markets,Economy

These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell. Rivian Automotive — Shares of Rivian Automotive skyrocketed more than 40% after the electric vehicle company secured up to $5 billion in funding from Volkswagen Group. The initial investment totals $1 billion, with another $4 billion expected by 2026. A so-called short squeeze added fuel to the gain as about 19% of the Rivian shares available for trading were sold short before this news, according to FactSet.

Nvidia posted a 3-day losing streak before the bounce, culminating in a 7% decline on Monday as investors rotated out of the red-hot AI leader. Citi Research increased its Nvidia price target to $150 from $126 on Wednesday. Aptiv — The automotive technology stock dropped 7% after Piper Sandler downgraded Aptiv to underweight from neutral, and cut its price target.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks higher, boosted by tech rebound; Volkswagen invests in RivianEuropean stocks higher, boosted by tech rebound; Volkswagen invests in Rivian
Source: Investingcom - 🏆 450. / 53 Read more »

Top Penny stocks for 2024: These two should be on your radarPenny stocks, as they are called, are not really stocks that trade under $1 per share.
Source: FXStreetNews - 🏆 14. / 72 Read more »