That's exactly what happened when Rivian Automotive (NASDAQ: RIVN) announced it would spin off its micromobility unit into a new company: Also Inc. To say Rivian's spinoff announcement on March 26 ...

Detailed price information for Rivian Automotive Inc Cl A (RIVN-Q) from The Globe and Mail including charting and trades.

Rivian spins off micromobility unit Also, Inc., securing $105M investment ... In addition to the spin-off, Rivian continues to focus on its core business, making significant progress toward ...

Rivian’s future plans for the new micromobility unit may include collaboration with ... of San Francisco-based electric scooter startup Spin as one of its first forays into the micromobility ...

Rivian's expansion impresses, but the industry's specifics and the company's current business cycle offers a relatively unfavorable risk-reward profile. Find out why I rate RIVN a Hold.

The company announced the spin-off of an operation ... of tariffs Up until now, Rivian’s trucks and SUVs are unusually expensive, which is probably part of why its unit sales are low.

Year to date, shares of Rivian have lost ~15% of their value, outpacing losses in the S&P 500. Read why I remain bullish on RIVN stock.