Rivian Automotive Inc. shares decreased by 6.6% in the last five trading sessions ahead of the second-quarter earnings report, reflecting a 19.9% decline over the past year. Following strong first-quarter results that surpassed expectations, the stock fell approximately 6% the next day, indicating market apprehension. Analysts have downgraded the stock or reduced price targets. The company faces challenges with lower deliveries forecasted for 2025, despite positive gross profit in consecutive quarters and maintaining a solid cash position. Rivian's stock has risen 17.3% since its April low, aided by operational efficiencies and the R2 launch plans.
Shares of Rivian Automotive Inc. have experienced a 6.6% pullback ahead of its second-quarter report, reflecting a 19.9% decrease from a year prior.
Despite posting adjusted losses less than analyst expectations in the first quarter, Rivian's stock declined nearly 6% the following day, signaling market uncertainty.
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