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VIA News30 articles
Welspun Corp Shares Hit Record High on Aramco Contract Win via Associate
Welspun Corp shares touched a record high of ₹2,797.60 after its 22%-owned associate East Pipes secured a SAR771 million Aramco contract. The stock trades above analyst targets, but volume remains thin.
Archer Aviation Slips as Warrants Expire; Boeing Share Dilution Looms
Archer Aviation shares slipped 2.6% as old warrants expired, but Boeing's pending share deal could add 152 million shares, heightening dilution worries.
CFTC Expands Crypto Wallet Derivatives Relief via New Staff Letter
The CFTC has broadened a conditional exemption, allowing crypto wallets and trading apps to offer derivatives without broker registration, potentially reshaping market access.
Rivian's Software Upgrade: A Strategic Move That Doesn't Yet Solve Cash Flow Woes
Rivian's RivianOS 2 update is a strategic step, but RIVN stock still faces an $849 million cash-flow test. The software must cut costs and boost subscriptions, not just improve the interface.
Rocket Lab CFO Sells $8.78M in Shares via Pre-Arranged Plan
Rocket Lab CFO Adam Spice sold $8.78 million in shares, but the sale was pre-arranged and his common stake remains unchanged. The move is part of routine option exercise and diversification.
Archer Aviation Warrants Halted as Expiry Nears; ACHR Stock Unaffected
NYSE halted trading in Archer Aviation's public warrants ahead of their Sept. 16 expiration. The common stock (ACHR) remains listed and active, with warrants deeply out of the money.
Rivian Stock Slips on $1.19B Cash Burn, R2 Ramp Costs
Rivian's stock dropped 4.4% after reporting $1.19B in H1 operating cash outflow, with R2 ramp costs pressuring automotive gross margins.
Rivian Stock Slips 4.4% as CFO Exit Clouds R2 Ramp-Up
Rivian shares dropped 4.4% on Friday, erasing $1.1 billion in value, as CFO Claire McDonough's exit raises questions about the R2 production ramp.
Rivian CFO Exit Sparks 6.5% Stock Drop Amid R2 Ramp-Up
Rivian shares dropped 6.5% after CFO Claire McDonough announced departure, fueling concerns about R2 production ramp-up and cost control. Interim CFO Derek Mulvey appointed.
Vitruvias Thyroid Tablet Recall Triggers Potency Checks for 1.5M Patients
Vitruvias Therapeutics recalls one lot of Thyroid Tablets 30 mg due to superpotency. 1,955 units sold; FDA scrutiny on unapproved animal-derived thyroid meds rises.
Archer Aviation Gains Fade as Boeing Deal Boost Diminishes
Archer Aviation (ACHR) shares rose 3.45% Friday but fell 4.83% for the week. The Boeing deal's boost has nearly evaporated, with shares just 0.64% above pre-announcement levels.
Rivian Stock Hits Analyst Target as R1 Incentives Test Pricing Power
Rivian shares jumped 6% to $16.96, reaching the average analyst target. New R1 incentives could accelerate Q3 deliveries but may pressure pricing and margins.
Archer Aviation Slips 5% as Boeing Deal Poses $1B Valuation Test
Archer Aviation shares dropped 5.24% to $6.60 as investors digested a $1B Boeing deal that adds defense revenue but dilutes existing holders by 16.5%.
Archer Aviation Shares Slide 8% on Boeing Deal Dilution Concerns
Archer Aviation shares fell 8.2% as investors digested the Boeing acquisition's dilution impact, despite the deal bringing over $200 million in annual revenue.
Joby Aviation Tumbles 4.4% on $500M Defense Buy, Cash Concerns
Joby Aviation (JOBY) dropped 4.43% after agreeing to buy Resonant Sciences for $500 million, with $450 million in cash, sparking investor worries about liquidity.
Rivian's Software Unit Drives Profit as Needham Reaffirms $23 Target
Needham reaffirms Buy on Rivian with a $23 price target, citing strong software margins. Q2 software gross profit of $215M offsets automotive losses, but cash burn and R2 ramp costs remain concerns.
Archer Aviation Surges on Boeing Unit Acquisition, Secures $200M Revenue Stream
Archer Aviation shares climbed 4.9% Tuesday after Boeing deal to acquire Wisk, Insitu, and SkyGrid, adding a $200M revenue stream and strategic assets.
Strategy Boosts Cash Reserves to $4.65B via $653M Stock Sale, Trims Bitcoin
Strategy raised $653M via stock sales, boosting cash reserves to $4.65B, while selling 1,690 BTC to fund preferred share buybacks. MSTR fell 3%.
Archer Aviation Soars 11% on Boeing Deal, Eyes $200M Revenue
Archer Aviation (ACHR) jumped 11% after agreeing to acquire Boeing's Insitu, Wisk, and SkyGrid, adding $200M in annual revenue and a strategic partnership.
MARA Holdings Slips as AI Ambitions Expand via Bitcoin-Backed Debt
MARA Holdings (NASDAQ:MARA) dropped 10.9% last week even as bitcoin rose 3.1%, as the company expanded its AI exposure through a $750M bitcoin-backed loan facility.
Rivian Faces Uphill Climb as R2 Deliveries Must Nearly Double
Rivian shares gained 4% on Friday, but the EV maker must deliver 42,441–47,441 vehicles in H2 to meet its annual target, a near-doubling of H1 output.
Archer Aviation Soars 20% Ahead of Q2 Earnings Amid Cash Runway Concerns
Archer Aviation (ACHR) shares surged 20% this week ahead of Q2 earnings. Revenue is expected near $2M, with a loss per share up to $0.34. Cash runway stands at ~2.4 years.
Joby Aviation Climbs as Blade Drives Q2 Revenue Surge
Joby Aviation's stock gained 1.8% premarket after Q2 revenue surged 59% sequentially, with Blade contributing 93.7% of sales. The company's liquidity runway extends 2.7-2.9 years.
Joby Aviation Soars on Q2 Revenue Beat, Yet Valuation Hinges on FAA Certification
Joby Aviation's Q2 revenue beat expectations, lifting shares 7.4%, but the 53-times sales valuation still depends on achieving FAA certification and commercial launch.
Rivian's R2 Ramp Demands 74% Delivery Surge; Shares Tumble 9.6%
Rivian's shares dropped 9.6% despite Q2 revenue and earnings beating estimates, as the company's R2 delivery ramp requires a 74% increase in second-half deliveries.
Etihad Eyes 23 New African Feeder Routes via Strategic Alliances
Etihad Airways is set to expand its African network with up to 23 new feeder routes via partnerships, enhancing connectivity from Abu Dhabi to six new gateway cities.
Rivian stock drops 9.6% as software profits mask EV losses
Rivian's shares slid 9.6% despite beating revenue estimates, as software profits offset ongoing EV losses. Automotive gross margin remains negative.
Archer Aviation Gives Back Most of Thunder Gains Ahead of Q2 Report
Archer Aviation (ACHR) shares slid 2.1% Friday, giving back 77% of the gains from its Thunder defense announcement. Q2 earnings due Aug. 10 will test investor patience.
Joby Aviation Faces $4.9B Valuation Hurdle Ahead of Q2 Earnings
Joby Aviation shares slipped 1.9% to $7.11 as the company prepares to report Q2 earnings on August 5, with certification progress and a $4.94B valuation in focus.
Rivian Stock Slips Despite Q2 Beat as Vehicle Margins Remain a Concern
Rivian shares dropped 4.3% after Q2 results beat estimates but revealed automotive gross losses, with software and credits propping up profitability.