Team Inc
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Industrials : Commercial Services & Supplies | Small Cap Value
Company profile

Team, Inc. is a provider of integrated, digitally-enabled asset performance assurance and optimization solutions. The Company’s segments include Inspection and Heat Treating (IHT), Mechanical Services (MS) and Quest Integrity. IHT segments provides conventional and advanced non-destructive testing services primarily for the process, pipeline and power sectors, pipeline integrity management services, and field heat treating services, as well as associated engineering and condition assessment services. MS provides solutions designed to serve both the operational (onstream) and off-line states of their assets. Its onstream service offers a range of standard to custom-engineered leak repair and composite solutions, emissions control and compliance, hot tapping and line stopping and on-line valve insertion solutions. Quest Integrity provides integrity and reliability management solutions for the process, pipeline and power sectors.

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Rivian stock drops another 15%

1:59 pm ET November 18, 2021 (MarketWatch)

By Claudia Assis

EV maker's market valuation is around $107 billion

Rivian Automotive Inc. stock fell slightly more than 15% in midday trading Thursday, extending losses for a second straight session.

Rivian shares traded as low as $120.60 after ending 15% in the red on Wednesday, their first stumble following the EV maker's initial public offering. That's still a hefty gain from its $78 IPO price and a first trade last Wednesday of $106.75.

See also: 5 things to know about Rivian

The company bills itself as a maker of electric vehicles for the outdoors, and started selling a few limited-edition electric pickup trucks earlier this year, with volume production of the pickup and an upcoming electric SUV expected for next year.

See also:More electric pickup trucks are coming to market. The question now is who will buy them?

Rivian also plans to make electric delivery vans for Inc. (AMZN), which alongside Ford Motor Co. (F) has a stake in the company and have its own charging network.

With the week's losses, Rivian's market valuation dropped to around $107 billion, still ahead of Ford's valuation of $76 billion and General Motors Co.'s (GM) valuation of $90 billion, but a long way from Tesla Inc.'s (TSLA) market value of over $1 trillion.

-Claudia Assis


(END) Dow Jones Newswires

November 18, 2021 13:59 ET (18:59 GMT)

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