Why Investors Are Pumping the Brakes on Rivian Stock This Week


It hasn't been a very encouraging start to the new year for Rivian (NASDAQ: RIVN) stock. Before this week began, shares of the electric vehicle (EV) manufacturer had dipped by more than 2%. The downward trend in Rivian's stock price is continuing this week as investors wrestle with analysts' bearish outlooks.

According to data provided by S&P Global Market Intelligence, Rivian shares are down 11.2% from the end of last Friday's trading session through today's market close.

Image source: Rivian.

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