RIVN Stock News: Rivian Automotive ekes out a gain as Nasdaq rallies for third straight session

NASDAQ:RIVN gained 0.52% during Thursday’s trading session.
Rivian is trading nearly 50% off of its all-time high price from just one month ago.
Tesla rebounds in style despite cutting video games for its drivers.

Stocks Reporter FXStreet

NASDAQ:RIVN cruised into Christmas with another small gain on Thursday, as the company continues to battle early volatility following its November IPO. Shares of Rivian gained 0.52% on Thursday and closed the abbreviated trading week at $96.84. It was another banner day for growth stocks as the NASDAQ extended its rebound from the recent selloff. The tech-heavy index climbed a further 0.85%, while the S&P 500 entered Christmas at a fresh new all-time high. Not to be outdone, the Dow Jones added back 196 basis points, as all three indices rose for the third straight day.

Stay up to speed with hot stocks' news!

Rivian has struggled since its much publicized IPO, and the stock is now trading nearly 50% off of its all-time high price of $179.47. Other EV stocks have been beaten down just as much as Rivian over the past month, including Lucid Group (NASDAQ:LCID) which has lost over 28% of its stock price over the last month, and Fisker (NYSE:FSR) which has dropped by 15.5%. Electric vehicle stocks have managed to climb back during this week’s rally, although Lucid was one of the only companies in the red on Thursday as the stock fell by 2.74%.

Rivian stock price prediction

Another EV stock that has been clawing its way back from recent lows is Tesla (NASDAQ:TSLA). The industry leader gained a further 5.76% on Thursday as investors reacted to CEO Elon Musk’s announcement that he has completed his sale of Tesla stock. Meanwhile Tesla also reported that it has conceded to the NHTSA and will disarm the ability for drivers to play video games in Tesla vehicles while using the FSD technology.

Like this article? Help us with some feedback by answering this survey:

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Stocks Reporter

FXStreet

GBP/USD appears well offered near 1.3160

GBP/USD builds on Tuesday’s losses, although it now manages to pick up some pace and bounce off earlier multi-month troughs near 1.3140. The Greenback’s solid performance and continued political turmoil in the UK are keeping Cable under persistent pressure, with little sign of a meaningful recovery.

EUR/USD rebounds from lows, back to 1.1360

After bottoming out near 1.1320, EUR/USD gathers some traction and reclaims the 1.1350-1.1360 band as the NA session draws to a close on Wednesday. The pair’s drop to multi-month lows comes in response to the continuous leg higher in the US Dollar, which remains propped up by hawkish Fed expectations and uncertainty over the outcome of US-Iran peace negotiations.

Gold pressured near fresh 2026 lows

Gold accelerates its decline and gyrates around the key $4,000 mark per troy ounce on Wednesday, its lowest level since November 2025. In the meantime, tighter-for-longer Fed expectations and a broadly firmer US Dollar continue to weigh on the yellow metal, while uncertainty surrounding a potential US-Iran peace agreement has done little to revive demand for the safe haven space.

XRP nears key support as Fed hike risks suppress demand

Ripple (XRP) continues to face significant selling pressure, trading around $1.05 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

US-Iran talks: The next 60 days will decide where Oil prices go next

Oil markets received some encouraging news after weeks of rising tensions in the Middle East. But let’s not get ahead of ourselves: we’re far from victory, and markets just seem to have priced out the worst-case scenario. The US and Iran have reportedly made "substantive progress" in talks in Switzerland and agreed on a framework for working toward a broader deal within 60 days.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.