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Rivian held its initial public offering on Nov. 9, 2021, with a price of $78 per share, and closed that first trading day at just over $100. If you had invested $150 into the company when shares ...
After a long stretch of share price weakness, the market has finally started to shift its sentiment. Since the beginning of November, for instance, Rivian's stock value has increased by roughly 40%.
Rivian stock trades for less than 2 times sales, while Tesla shares trade at nearly 10 times sales. The market is right to be skeptical, as the electric car space is full of historical failures.
The question now, though, is whether the stock is a buy, sell, or hold going into 2025. Let's look at each argument to help decide. Start Your Mornings Smarter!
It soared from its IPO price of $78 to $106.75 on its first trade before setting a record high of $172.01 just a week later. ... its stock could potentially soar nearly 260% and boost its market ...
If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Amazon: if you invested $1,000 when we ...
Rivian (NASDAQ: RIVN) hasn't had the best year in 2024. The stock has lost around half its value year to date as of this writing. But it wasn't because the company didn't try. In fact, the ...
Rivian Automotive (NASDAQ: RIVN) attracted a stampede of bulls with its IPO on Nov. 9, 2021. The electric vehicle (EV) maker went public at $78 per share, and its stock opened at $106.75 before ...