ZUMZ - Hot Stocks: RIVN falls on production forecast; ORCL ZUMZ drop on earnings; ANGI rallies

The release of corporate results stirred trading in Friday's pre-market action. Rivian Automotive (NASDAQ:RIVN) was one of the big names that reported, with investors rushing out of the stock following a disappointing production forecast. Oracle (NYSE:ORCL) and Zumiez (NASDAQ:ZUMZ) also lost ground before the opening bell, as each announced a quarterly profit figure that missed analysts' expectations. Meanwhile, Angi (NASDAQ:ANGI) managed to gain ground in pre-market trading. The rally followed the release of strong monthly sales statistics. Decliners Rivian Automotive (RIVN) dropped in pre-market trading after providing disappointing production guidance with its latest quarterly update. With operations impacted by supply chain issues, the electric vehicle maker predicted it would make 25,000 vehicles in 2022.  In response, Wedbush Securities analyst Dan Ives cut his price target on the stock to $60 from $130 and added "to say the Rivian story has been disappointing to us (and the Street) so far would

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Hot Stocks: RIVN falls on production forecast; ORCL, ZUMZ drop on earnings; ANGI rallies