YY - Rivian Automotive Reports Weak Delivery Figures Joins JOYY MiMedx Group And Other Big Stocks Moving Lower On Tuesday | Benzinga
U.S. stocks traded mostly lower, with the Nasdaq Composite falling around 200 points on Tuesday.
Shares of Rivian Automotive, Inc. (NASDAQ: RIVN) fell sharply during Tuesday’s session after the company reported delivery and production figures for 2023.
The company produced 17,541 vehicles (vs. 10,020) at its manufacturing facility in Normal, Illinois, and delivered 13,972 cars in the fourth quarter. The recent-quarter delivery was below the third-quarter figure of 15,564 and below analysts' estimate of 14,430, as per Reuters.
Rivian Automotive shares dipped 9.1% to $21.34 on Tuesday.
Here are some other big stocks recording losses in today’s session.
- Corcept Therapeutics Incorporated (NASDAQ: CORT) shares dipped 26.3% to $23.93 after the company announced the Court for the District of New Jersey issued a decision that Teva Pharmaceuticals does not infringe any asserted claims of Corcept's U.S. Patents 10,195,214 and 10,842,800.
- Anavex Life Sciences Corp. (NASDAQ: AVXL) shares tumbled 26.2% to $6.88 after the company provided an update on Rett Syndrome ...