5 Market Movers to Watch on Thursday

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In this article, we take a look at five stocks that are trending today. If you want to take a look at some more stocks that are moving on Thursday and the latest market situation, go to 10 Market Movers to Watch on Thursday.

5. Rivian Automotive, Inc. (NASDAQ:RIVN) has soared 21.12% as of 11:43 AM ET after the Irvine, California-based electric vehicle (EV) startup received a boost from Morgan Stanley following its quarterly results and production update. Adam Jones at Morgan Stanley maintained an Overweight rating on Rivian Automotive, Inc. (NASDAQ:RIVN) with a price target of $85. The analyst highlighted that Rivian Automotive, Inc.’s (NASDAQ:RIVN) current stock price hovering around the $20 level reflects a run-rate volume of 200,000 by 2030.

As of Q4 2021, Rivian Automotive, Inc. (NASDAQ:RIVN) was held by 47 hedge funds.

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