Rivian stock crashing

Investors don’t like the fact that Rivian’s biggest customer Amazon has just cut a deal with Stellantis to buy their BEV delivery vans.

https://finance.yahoo.com/news/rivian-stock-crashes-followin…

intercst

5 Likes

Recently issued stocks are always volatile for a while. They are heavily promoted and big news items when first issued. People bid them up hoping for a quick profit. It takes a while for Mr. Market to decide correct market value. And for shareholders to decide who is in it for the longer term.

Better left to the pros until they settle down and ideally have sales and even earnings.

2 Likes

Man, glad I had my sell order at 130. Made this move because fireworks may look pretty but they don’t last long.

NH