AVYA - Hot Stocks: TSLA rises on Musk tweet; RIVN plunges; ALNY upgrades; AVYA earnings; PRVB regulatory update
Electric vehicle companies remained prominent in Monday's midday trading. Tesla (NASDAQ:TSLA) gained ground on an update of its Model S Plaid launch in China, while Rivian (NASDAQ:RIVN) plunged on news that a joint project with Ford (NYSE:F) has been canceled. Elsewhere, Alnylam Pharmaceuticals (NASDAQ:ALNY) got a lift from upbeat comments from analysts. At the same time, Provention Bio (NASDAQ:PRVB) soared on a positive regulatory update regarding its developmental diabetes drug. Avaya (NYSE:AVYA) was another major gainer during intraday action. Shares skyrocketed on better-than-expected earnings. Gainers Tesla (TSLA) saw gains in midday trading, rising about 3% after Elon Musk tweeted about the timeline for the release of the firm's Model S Plaid in China. According to Musk, the launch will take place around March. Bullish analyst comments sparked a rally in Alnylam Pharmaceuticals (ALNY). Shares rose nearly 8% following upgrades from both Goldman Sachs and RBC Capital Markets. The firms pointed
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Hot Stocks: TSLA rises on Musk tweet; RIVN plunges; ALNY upgrades; AVYA earnings; PRVB regulatory update