Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading higher Monday on above-average trading volume. Here's a look at what's going on.
What To Know:
Rivian reported better-than-expected first-quarter revenue last week, and the company also maintained its 2024 production forecast of 57,000 units.
Rivian shares also moved following a report from DigiTimes that Apple, Inc. (NASDAQ:AAPL) is "assessing the possibility of teaming up with a certain U.S. EV startup, and Rivian is a very likely candidate." Neither company has addressed the report.
Several stocks favorited by retail investors, including GameStop and AMC Entertainment, are moving Monday after Roaring Kitty returned to social media and may also be contributing ...