Premarket Movers: RIVN, FDX, WHR See Largest Stock Movements

Welcome to Extreme Investor Network, where we bring you the latest and most exciting news in the world of finance. Today, we are diving into the companies that are making headlines before the bell.

Rivian Automotive, the electric vehicle company, saw its shares skyrocket over 40% after securing up to $5 billion in funding from Volkswagen Group. This significant investment, with $1 billion already in and another $4 billion expected by 2026, has put Rivian in the spotlight. A short squeeze further fueled the gain as a large percentage of Rivian shares were sold short before this news.

FedEx also had a great day, with shares popping 14% on strong fiscal fourth-quarter results. The shipping giant exceeded Wall Street’s estimates and reported a 16% increase in capital spending from the previous fiscal year.

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Whirlpool made waves in the market as well, with shares surging more than 18% following reports that Bosch is considering making an offer for the home appliance company. This news has investors buzzing about the potential opportunities for Whirlpool.

However, not all companies experienced such positive movement. Southwest Airlines saw its shares slump 3% after cutting its second-quarter revenue outlook due to a shift in booking behavior. Similarly, General Mills dropped 4% on mixed quarterly results, as it topped earnings estimates but fell short on revenues.

In the tech sector, Nvidia saw a rebound with its shares adding more than 2% after a recent decline. Citi Research even increased its price target for Nvidia, showing confidence in the chip stock’s future performance.

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These are just a few of the companies that are making waves in the market today. Stay tuned to Extreme Investor Network for more updates and insights on the latest trends in finance. Whether you’re a seasoned investor or just getting started, we’ve got you covered with the most up-to-date information to help you make informed decisions and maximize your returns.

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