Why Rivian Stock Sank This Week
The stock of electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) rocketed higher after the company reported its fourth-quarter results on Feb. 12. This week, however, Rivian shares have crumbled.
The stock is nearly back to where it was before the earnings release, after dropping about 14% this week, according to data from S&P Global Market Intelligence. That's probably because investors know the company still has to execute.
Image source: Rivian Automotive.
Source Fool.com
