ActivTrades News

ActivTrades Launches Rivian CFD

 

On the 10th of November Rivian Automotive Inc. went public and its shares have soared on NASDAQ by as much as 53%. The Ford and Amazon-backed electric vehicle maker reached a market valuation of more than $100 billion. That puts the company as the second most valuable U.S. automaker right after Tesla Inc (valued at $1.06 trillion).

The Rivian IPO is considered the biggest initial public offering of the year. The shares of the electric vehicle maker closed at $100.73, a 30% jump from its offering price.

Earlier this year, another electric car manufacturer, Lucid Motors, went public with shares reaching 11% on its first trading day. At the beginning of the week Lucid Motors stock rose 2.2% to $44.88 ahead of the company’s earnings results after the close.

On Nov. 12th ActivTrades launched its latest CFD on Rivian Automotive. Clients can trade Rivian Automotive (RIVN.US) and Lucid Motors (LCID.US) stocks with ActivTrader and MetaTrader 5.