Company News for October 11, 2022
- Shares of Rivian Automotive Inc. RIVN fell 7.3% after the company plans to recall 13,000 vehicles over a possible safety issue.
- The shares of Wynn Resorts Ltd. WYNN fell 12.3% after China imposed shutdowns in several cities due to a spike in daily COVID-19 cases after a week-long holiday.
- FIVN shares of Five9 Inc. fell 25.6% after its CEO Rowan Trollope stepped down from his role and position on the board.
- PPG shares of PPG Industries Inc. fell 3.2% after the company said its third-quarter earnings per share would be 5% to 7% lower than its previous estimate.
Free report reveals how you could profit from the growing electric vehicle industry
Globally, sales of electric cars continue their remarkable growth even after breaking records in 2021. High gasoline prices have fueled its demand, but the evolution of comfort, features and technology of electric vehicles too. So the fervor for electric vehicles will last long after gas prices normalize. Not only are manufacturers raking in record profits, but producers of electric vehicle technology are also raking in the dough. Do you know how to cash out? If not, we have the perfect report for you – and it’s FREE! Today, don’t miss your chance to download Zacks Top 5 Actions for the EV Revolution for free and without obligation.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.