The deal stands to benefit both companies, although investors in the legacy German automaker appear to be less enthusiastic. Shares of electric vehicle maker Rivian Automotive (ticker: RIVN) are soaring, with the stock up more than 40% in premarket trading as of the time of this writing. The reason for the stock surge?

Topics:  german   shares   rivian automotive   rivn    volkswagen   stock   maker   billion investment   legacy   
BING NEWS:
  • Rivian Soars After Volkswagen Investment. Is It Too Late to Buy the Stock?
    Share prices of Rivian (NASDAQ: RIVN) surged higher after the maker of electric vehicles (EV) received a sizeable investment from German automaker Volkswagen (OTC: VWAGY). Despite the recent price ...
    06/30/2024 - 2:30 am | View Link
  • Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
    Rivian stock (RIVN) surged on Wednesday after the EV maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing fresh capital into Rivian’s coffers. Volkswagen announced it ...
    06/26/2024 - 9:33 am | View Link
  • Rivian share price jumps 50% on Volkswagen’s $5 billion investment
    Rivian share price jumped 50% in extended trading on Tuesday after German automaker Volkswagen announced an investment of $5 billion in the electric vehicle (EV ... The stock is still down ...
    06/26/2024 - 3:20 am | View Link
  • Analysts overhaul Rivian stock outlook after Volkswagen deal
    Rivian Automotive shares soared higher Wednesday, potentially adding more than $4 billion ... his Rivian price target by $5 to $20 a share following news of the Volkswagen investment, called ...
    06/26/2024 - 2:45 am | View Link
  • Rivian stock soars 37% after it strikes $5 billion deal with Volkswagen
    Volkswagen will then invest an additional $4 billion into Rivian, represented by two $1 billion common stock investments in 2025 and 2026, and a $2 billion investment into the joint venture by ...
    06/26/2024 - 2:25 am | View Link
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