a $1.5 billion convertible bond sale and issued disappointing guidance for the third quarter. The company said it expects between $1.29 billion and $1.31 billion in revenue, while analysts polled by StreetAccount forecast $1.31 billion. Rivian also reported its cash and short-term investments lessened between the end of the second and third quarter.— Shares slipped 4.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly— Shares of the mortgage company rose 4.3% in premarket trading after a BTIG upgrade to buy from neutral. BTIG said the valuation for the parent company of United Wholesale Mortgage does not reflect the upside from a potential stabilization in interest rates.— Shares of the uniform company added 2.4% after Redburn Atlantic initiated coverage of the company with a buy rating.
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