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Today's Pre-Market Movers and Top Ratings | RIVN, SPOT, TSLA, CAVA and More

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Movers and Shakers wrote a column · Nov 13 07:16
Morning Movers
Gapping up
$Rivian Automotive (RIVN.US)$ experienced a significant increase of 8.7% after announcing that Volkswagen would boost its investment in their joint venture.
$Spotify Technology (SPOT.US)$ 's shares went up by 8.5% following a report of robust subscriber growth in the September quarter and a promising annual forecast.
Shares of $CAVA Group (CAVA.US)$ jumped 16.2% after the company outperformed earnings expectations for both revenue and profits in the third quarter.
$Tesla (TSLA.US)$ 's stock saw a 1.9% increase, recovering from previous significant losses despite news from the U.S. National Highway Traffic Safety Administration about a recall affecting 2,431 vehicles.
$Rocket Lab (RKLB.US)$ 's shares skyrocketed by 25% upon releasing favorable third-quarter earnings and revealing their first customer for the upcoming Neutron rocket.
Gapping down
$Skyworks Solutions (SWKS.US)$ saw a 7.4% drop in its stock value after providing weaker than expected forward guidance for the first quarter.
$General Motors (GM.US)$ ' stock slightly decreased by 0.6% following an announcement from the NHTSA about a recall concerning transmission issues in 461,839 vehicles.
$Spirit Airlines (SAVE.US)$ ' shares plummeted by 65% after reports surfaced of the airline engaging in last-ditch negotiations with bondholders to restructure and gain crucial creditor support.
Source: CNBC; Investing.com
US Top Rating Updates on 11/13
Today's Pre-Market Movers and Top Ratings | RIVN, SPOT, TSLA, CAVA and More
Source: TipRanks
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