Rivian Automotive Inc. (RIVN) surged 7.6% on hopes for micromobility business expansion

From Yahoo Finance: 2025-03-28 04:26:00

On Thursday, the stock market saw losses as investors sold off positions to reduce risks from global trade tensions. The Nasdaq fell 0.53%, the Dow Jones 0.37%, and the S&P 500 0.33%. President Trump’s announcement of a 25% tariff on imported vehicles weighed down automaker shares. Despite this, 10 companies, including gold miners, defied the market pessimism due to new company developments. Rivian Automotive Inc. (RIVN) surged 7.6% to $13.02 per share on hopes for its micromobility business expansion. RIVN secured $105 million in investment for its Also Inc. spin-out business, focusing on small vehicles. RIVN ranks 5th on the list of Thursday’s top performers.



Read more at Yahoo Finance: Why Rivian Automotive Inc. (RIVN) Surged On Thursday?