Rivian Automotive (RIVN) Jumps Ahead of 2 Conferences

We recently published 10 Stocks Leaving the Market in the Dust. Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the best performers on Wednesday.

Rivian Automotive grew its share price by 4.11 percent on Wednesday to finish at $14.44 apiece as investors repositioned portfolios ahead of two conferences that it is slated to attend next week.

In a statement, Rivian Automotive, Inc. (NASDAQ:RIVN) said its CEO, RJ Scaringe, would participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference next Wednesday, September 10, at 12:25 PM Pacific Time (3:25 PM Eastern Time).

Rivian Automotive (RIVN) Jumps Ahead of 2 Conferences

Photo by J Dean on Unsplash

This would be followed by another fireside chat at Morgan Stanley’s 13th Annual Laguna Conference scheduled on Thursday, September 11, at 4:50 PM Pacific Time (7:50 PM Eastern Time).

Investors took the twin announcements positively on expectations that Rivian Automotive, Inc. (NASDAQ:RIVN) will unveil positive updates about its business.

Last month, Rivian Automotive, Inc. (NASDAQ:RIVN) said it narrowed its net loss attributable to shareholders by 24 percent to $1.1 billion from $1.45 billion in the same period last year. Revenues grew by 12 percent to $1.3 billion from $1.16 billion year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.