Journalist PR
    Facebook Twitter Instagram
    Journalist PR
    • Tech
    • Entertainment
    • Celebrity
    • Health
    • Games
    • Politics
    • Trending
    Journalist PR
    Home»Finance»Novavax, Rivian, And AMC Are Three Stocks That Move After The Market Closes

    Novavax, Rivian, And AMC Are Three Stocks That Move After The Market Closes

    0
    By Sam Houston on March 1, 2023 Finance
    Novavax, Rivian, And AMC Are Three Stocks That Move After The Market Closes
    Novavax, Rivian, And AMC Are Three Stocks That Move After The Market Closes
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Rivian (RIVN) (RIVN)

    Shares of Rivian fell after the electric vehicle (EV) startup provided production guidance of 50,000 vehicles for 2023. This was significantly lower than the analyst expectations of 62,797 vehicles. The most recent quarter’s sales for Rivian came in at $663 million, which is lower than the $717.3 million that was anticipated.

    Michael Shlisky, an analyst at DA Davidson, stated on Yahoo Finance Live shortly after the results were announced that “in general, most of these data look to be a touch weak.” The analyst Shlisky has assigned an Underperform rating to the company and set a price objective of $23.

    Rivian also made the announcement on Tuesday that it will be recalling 12,716 vehicles due to an issue with the sensors. Rivian, much like other EV businesses that are attempting to build up their production, has encountered difficulty over the past year with their supply chain.

    “The blockbusters are doing great, it’s just the volume of content is not quite back where it used to be [pre-pandemic],” analyst Alicia Reese of Wedbush Securities told Yahoo Finance Live on Tuesday.

    Said Reese, who has an Underperform rating on the stock-

    “In terms of the meme trade, that has just meant that AMC continues to trade higher than its peers on a valuation standpoint” 

    A court has scheduled an injunction hearing for April 27th, which sent AMC share prices soaring on Monday. This development raises the possibility that the company’s efforts to convert preferred ‘APE’ (APE) units into normal shares could be slowed down.

    APE units, which on Tuesday had a closing price of $2.07, were first distributed to AMC stockholders as a form of dividend in the previous year. Accessing public funding has also been accomplished using this method for the company. As a result of the rally in meme stocks and other speculative assets in January, the value of AMC shares has increased by 75% so far this year.

    Novavax, Rivian, And AMC Are Three Stocks That Move After The Market Closes
    Novavax, Rivian, And AMC Are Three Stocks That Move After The Market Closes

    More Latest News:

    • Goldman Sachs Thinks These Two Stocks Could Go Up By At Least 70%
    • Analysts Say It’s Time To Buy These Energy Stocks That Could Go Up By More Than 40%

    Novavax (NVAX) (NVAX)

    Shares of Novavax fell by 25% after the vaccine manufacturer issued a statement expressing “serious concern” about the company’s capacity to continue operating through the following year. The biotech company noted “substantial uncertainty” over its revenue projections for the year 2023.

    The stock of Novavax was subjected to intense amounts of selling pressure in the previous year, resulting in a loss of 93% of its value. This was due to the fact that the firm was experiencing manufacturing challenges, which delayed its debut into the market for COVID-19 vaccines.

    The biotechnology company made its most recent quarterly data public on Tuesday, which is when the announcement close took place. The company’s most recent quarterly sales amounted to $357 million, resulting in an adjusted loss of $2.28 per share. The top and bottom lines of the report did not meet the expectations of the analysts.

    I hope you like our article. If so, please tell us what you think in the comments. You can also add Journalistpr.com. to your bookmarks to get more updates like these.

    (Source Link)

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar photo
    Sam Houston

    Journalistpr bestselling author Sam Houston is a former journalist who has interviewed murderers on death row, flown over L.A. with the LAPD. He’s also reported from the Caribbean, Africa and Kuwait’s border with Iraq. His books have been published in nearly 30 countries, including an illegal translation produced in Iran.

    Related Posts

    After A Two-year Saga, Texas Will Sell Its Record $3.5 Billion Municipal Deal

    After A Two-year Saga, Texas Will Sell Its Record $3.5 Billion Municipal Deal

    March 7, 2023
    Before The Fed Chair's Testimony, Oil Goes Up For The Sixth Time In A Row

    Before The Fed Chair’s Testimony, Oil Goes Up For The Sixth Time In A Row

    March 7, 2023
    Rivian Plans To Raise Money By Selling $1.3 Billion In Bonds, Shares Fall

    Rivian Plans To Raise Money By Selling $1.3 Billion In Bonds, Shares Fall

    March 7, 2023

    Leave A Reply Cancel Reply

    Latest Post
    Def Leppard Drummer Rick Allen Assaulted In Florida

    Def Leppard Drummer Rick Allen Assaulted In Florida

    March 19, 2023
    Rod Stewart Illness

    Rod Stewart Illness: The Latest Updates and Reactions About His Health!

    March 19, 2023
    Are Isha and Michael Still Together in 2023

    Are Isha and Michael Still Together in 2023? The Latest Update on Their Romance!

    March 19, 2023
    Is My Hero Academia Ending

    Is My Hero Academia Ending: A Letdown for Fans or a Perfect Conclusion?

    March 19, 2023
    Is Bill Self Sick?

    Is Bill Self Sick? He Is Comeback for NCAA Tournament Following Heart Procedure

    March 19, 2023
    Video Released In Fatal Police Shooting of Najee Seabrooks

    Video, 911 Calls, Released In Fatal Police Shooting of Najee Seabrooks!

    March 19, 2023
    About Us

    Here on this Blog journalistpr.com, we will share all the best and authentic information related to Tech news and lots more.

    The modern age requires people to be informed about the latest events in the world. Information portal «journalist PR» is engaged in news coverage of science and technology. Information is provided in the most promising online magazine format containing deployed articles, a mass of colourful illustrations and photographs, as well as entertaining videos and full-length science-fiction movies.

    Latest Posts
    Def Leppard Drummer Rick Allen Assaulted In Florida

    Def Leppard Drummer Rick Allen Assaulted In Florida

    March 19, 2023
    Rod Stewart Illness

    Rod Stewart Illness: The Latest Updates and Reactions About His Health!

    March 19, 2023
    Are Isha and Michael Still Together in 2023

    Are Isha and Michael Still Together in 2023? The Latest Update on Their Romance!

    March 19, 2023
    Follow Us On
    • Facebook
    • Twitter

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version