Rivian's Falling, but Another Vehicle Stock Is Taking an Even Harder Hit
Investors haven't appeared confident in their views of the stock market so far in March. Stock indexes have seen swings in both directions, and many market participants seem to be waiting for guidance from economic data and government policymakers before taking a firmer stance on their views for the market. Tuesday morning, stock index futures were slightly higher, suggesting a roughly 0.1% gain for the Dow Jones Industrial Average (DJINDICES: ^DJI) and similarly modest moves in other key benchmarks.
However, among companies that do business making vehicles, there were a couple of notable declining stocks. Rivian Automotive (NASDAQ: RIVN) didn't make investors happy with its timing on a key strategic move that sent the share price lower. However, a different stock that makes popular vehicles for consumers saw its stock lose even more ground. Below, you'll learn why Rivian was heading lower as well as discover the name of the other losing stock in the broader vehicle industry.
Image source: Rivian.
Source Fool.com
