Stocks making the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and more

Check out the companies making headlines in midday trading: Rivian Automotive — The stock surged more than 20% following the announcement that the electric vehicle startup secured a $5 billion investment from Volkswagen Group. Volkswagen's initial investment will be $1 billion in the form of a convertible note, with the additional $4 billion expected by 2026. Shares of fellow EV startup Lucid rose nearly 5% in sympathy.

71 billion, while analysts had expected per-share earnings of 88 cents on revenue of $4.85 billion. The firm's revenue forecast for fiscal year 2025 also fell short due to cost pressures. Paychex — Shares of the company fell around 5% despite posting better-than-expected fiscal fourth-quarter earnings. Paychex posted adjusted earnings of $1.12 per share, which is above the $1.10 earnings per share that analysts polled by LSEG were expecting. Revenue was in line with expectations at $1.

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.

Stocks making the biggest moves premarket: Rivian, FedEx, Whirlpool, Nvidia, Micron and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

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 »