Rivian Stock Soared Today -- Is It a Buy?
The share price of electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) rose by more than 17% Tuesday. Even in the world of EV stocks, which tend to rise and fall rather dramatically, that's a significant price spike.
There was no specific news driving Rivian's share price higher, though. Rather, it appears that investors may be trying to take advantage of the fact that the stock has fallen by more than 47% over the past three months.
Are investors right to be snatching up shares of the electric truck maker now? I think so, but I also think they should temper their expectations.
Source Fool.com
