Here is What You Need to Decipher About Rivian Stock Today

It’s been down big the past week. But when it gets to new IPO and electric vehicle pick-up play Rivian Automotive is it time to back up the truck on Rivain stock? Today let’s look at what’s under the veil both off and on the price chart in RIVN, then request a risk-adjusted resolution aligned with those outcomes. If your pace on the stock market lengthens beyond the 15 seconds assigned to the S&P 500 or Dow Jones on the nightly news, your informed growth stocks have rapidly come under pressure also.

Honorably, the diverse price action jarringly confirms, as growth investors found out before this year that the stock market is truly made up of stocks. And Rivainm is caught in those market crosshairs as Wall Street reexamines its fling with important stocks at the expense of higher and no multiple narratives.

But Rivian is different, right?

Rivian can tag both Ford Motors and Amazon as big-time stakeholders. Combined, they virtually own one-third of Rivain stock. Also, Amazon’s well-publicized order for 100,000 vehicles as the tech behemoth propels its massive commercial line of vehicles to renewables. When it gets to Rivian, there is confidence. It’s not just speaking, either. But to refer to the Oracle of Omaha, price is what you pay, and value is what you obtain. And from investors other than Ford or Amazon caught buying Rivain $78 a share IPO to those more aggressively buying shares for as much as $179.47 or today’s $118 and just north of $100 billion.

Among its peers, Rivain shares rank only behind Tesla and Toyota Motors in market capitalization. Be skeptical of today’s Sticker price. Rivian bulls might contend somewhat rightfully that Tesla proved what had previously not been feasible. Therefore, the bar in Rivain should be rightfully acclaimed for up-and-coming EV stocks.

 

Hanson F.https://thevolter.com
Hanson is a lover of electric cars especially Rivian. He is a contributor for The Volter as well as other news hubs

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