Why Shares of Rivian Are Falling Today
Through yesterday’s trading session, investors who have hitched a ride with Rivian Automotive (NASDAQ: RIVN) have endured a rocky road, with the stock falling 22% in April. As of 10:49 a.m. ET, Rivian’s stock is down 3.6%, recovering slightly from its earlier slide of 6.3%. Although the buy rating remains unchanged, Vijay Rakesh, an analyst at Mizuho, has reduced the price target to $90 from $95.