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

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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 »