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Rivian Shares Rose More Than 9% in Morning Trading

Tiger Newspress2022-02-14

Rivian shares rose more than 9% in morning trading.Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Friday.

The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in a company that has yet to produce a consumer vehicle. Rivian, which is 20% owned by Amazon.com Inc, is expected to provide the e-commerce company with more than 100,000 electric trucks.

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Comment41

  • Trainman
    ·2022-02-15
    Following the Big 🦈 
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  • All in Tesla
    ·2022-02-15
    Gotta be kidding 😅
    Reply
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  • LuckyPiggie
    ·2022-02-15
    Rally up ... then rally down [Glance] 
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  • Maky
    ·2022-02-15
    Why George Soros invested?  Does he knowsomething the market doesn't?  Don't blindlyfollow as he can dump the shares before anyone too 
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  • Road1Warrior
    ·2022-02-15
    No money to invest in a stock which doesn't even have a product to sell.  Company like these should not be a listed company in the first place.  Zero accountability having it listed.  Regular investors r taking unnecessary risk and undertaking the cost of building a new business.  Thumb down for me to putting this out there.  
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  • Deposit
    ·2022-02-15
    Nuce
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  • Jess261
    ·2022-02-15
    OK
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  • time to eat
    ·2022-02-15
    Just buy
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  • gks788
    ·2022-02-15
    Why?
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  • DNX8
    ·2022-02-15
    With this strong backing, it is an attractive and more affordable EV option to Tesla. 
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  • KLC
    ·2022-02-15
    Rivian 👍
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  • ARIESan
    ·2022-02-15
    Nice 
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  • TCF
    ·2022-02-15
    👍👍
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  • tongfee
    ·2022-02-15
    Put this in my watchlist as well [Observation] 
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  • Ken7979
    ·2022-02-15
    Faith in the company. Just start producing the EVs ya
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  • Pandachubby
    ·2022-02-15
    Impressive 
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  • Ah Deck
    ·2022-02-15
    Up up pls like 
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  • Gladys8jk
    ·2022-02-15
    Ok
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  • Bspn
    ·2022-02-15
    Ok
    Reply
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  • Mindthink
    ·2022-02-15
    Ok
    Reply
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