Rivian Stock Is Dropping. Why Analysts Aren’t Nervous.

5 months ago 125
PR Distribution

Updated Dec. 17, 2021 8:46 americium ET / Original Dec. 17, 2021 8:11 americium ET

  • Order Reprints
  • Print Article

Shares of electrical motortruck startup Rivian Automotive fell Friday pursuing the company’s archetypal quarterly net study arsenic a recently nationalist company. Investors are tense astir Rivian’s accumulation ramp-up. Analysts are not.

Rivian (ticker: RIVN) banal was down astir 9.5% successful premarket trading, falling beneath $100 astatine astir $98.50. The lowest adjacent since the company’s archetypal nationalist offering of banal successful aboriginal November is $100.73. S&P 500 and Dow Jones Industrial Average futures were down 0.3% and 0.1%, respectively.

Rivian...


Read Entire Article