Share prices of up-and-coming electric vehicle (EV) players, Lucid Group (NASDAQ: LCID) and Rivian Automotive (NASDAQ: RIVN) are climbing higher. As with most unprofitable growth stocks, one day's gain could be the next day's loss as short-term volatility is par for the course.
Tesla Chief Executive Officer Elon Musk was named Time magazine's "Person of the Year" for 2021, a year that saw his electric car company become the most valuable carmaker in the world and his rocket company soar to the edge of space with an all-civilian crew.
The NASDAQ 100 Pre-Market Indicator is up 66.22 to 16,398.2. The total Pre-Market volume is currently 31,657,343 shares traded.The following are the most active stocks for the pre-market session: BELLUS Health Inc. (BLU) is +1.84 at $7.44, with 8,078,362 shares traded. As report
Lightning eMotors, a supplier of electrified commercial vehicles, has signed a two-year supply deal with Chinese battery giant Contemporary Amperex Technology Co Ltd, the companies said on Monday.
Stock Market Futures Gain Ahead Of Federal Reserve’s Latest Policy Call Of 2021Stock market futures are on the rise as we enter another week of trading. In the week ahead, investors’ focus will likely be on the Federal Reserve. Accordingly, this would be because the F
Rivian (NASDAQ: RIVN) got loads of attention and interest after its recent IPO. And why not? The newly listed company has left the likes of Ford, General Motors, and Tesla behind in launching an all-electric pickup truck. It has also got more than 55,000 pre-orders for its pickup
Are These The Top EV Stocks To Buy In December 2021?Amid the recovery in the stock market, electric vehicle (EV) stocks are feeling the lift. Like it or not, the automotive industry appears to be turning electric. And the EV industry could be benefiting from government support ar
While the broader market is dealing with its own wave of ups and downs, electric car stocks have been even more volatile. Luxury electric sedan maker Lucid Group (NASDAQ: LCID) has seen its stock price dip below $20 and surge past $60 a share within just a four-month time frame.
The stock market finished the week on a record note, bouncing back from big losses the previous week. The S&P 500 (SNPINDEX: ^GSPC) closed at an all-time high, and similarly sized gains of 0.5% to 1% for the Dow Jones Industrial Average (DJINDICES: ^DJI) and Nasdaq Composite
Looking at the sectors faring best as of midday Friday, shares of Consumer Products companies are outperforming other sectors, up 0.9%. Within the sector, Ford Motor Co. (Symbol: F) and General Motors Co (Symbol: GM) are two large stocks leading the way, showing a gain of 8.0%
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Ford Motor Co. (Symbol: F), where a total volume of 635,325 contracts has been traded thus far today, a contract volume which is representative of approximately
3 Trending EV Battery Stocks To Watch Today Electric vehicle (EV) battery stocks have been a hot topic in the stock market over the past couple of years. Naturally, as EV trends continue to pick up momentum, the companies that provide one of the core components would also fo
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Value Factor ETF (Symbol: VLUE) where we have detected an approximate $1.1 billion dollar outflow -- that's a 6.4% decrease week ov
Food delivery platform DoorDash (NYSE: DASH) is growing rapidly. Could the company soon use autonomous vehicles to deliver its orders? In this segment of Backstage Pass, recorded on Nov. 19, Fool contributors Travis Hoium, Rachel Warren, John Rosevear, and Toby Bordelon discuss t
Ford’s (F) chairman Bill Ford has acquired 2 million shares of the company. According to a report published by Bloomberg, the great-grandson of founder Henry Ford paid $20.5 million in cash for the stock options. The executive used cash to pay for exercise costs. Shares of the automaker fell 1.21% to close at $19.57 on December 9.
Ford is the third-largest automaker in the U.S. The company designs, manufactures, and sells cars, trucks, and automobile parts. It currently makes cars under two names — Ford and Lincoln.
Insider Buying
Following the acquisition, Ford now owns 20 million of the company's shares, including restricted stock. The holdings also include 15 million worth of special class of super-voting stock in the automaker. The holdings are currently valued at about $400 million.
The Ford chair acquiring the shares affirms his belief about the automaker's growth metrics and long-term prospects. In an emailed statement, the automaker reiterated its intentions to create value for all stockholders. (See Top Smart Score Stocks on TipRanks)
The acquisition comes a month after Ford stock rallied to a 20-year high. The rally came as investors bet on the company amid its aggressive push into the burgeoning electric vehicle space. The stock has been on an impressive run, rallying by over 200% since the appointment of Chief Executive Officer, Jim Farley, 14 months ago.
Stock Rating
Last week, RBC Capital analyst Joseph Spak reiterated a Buy rating on Ford and raised the price target to $21 from $17, implying 7.31% upside potential.
Consensus among analysts is a Moderate Buy based on 9 Buys, 3 Holds and 2 Sells. The average Ford price target of $18.69 implies 4.50% downside potential.
Investors just can't stop talking about Rivian (NASDAQ: RIVN). The electric vehicle maker made its blazing public debut in November, but can the company live up to its blistering valuation? In this segment of Backstage Pass, recorded on Nov. 10, Fool contributors Rachel Warren, T
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