Should You Buy Rivian Stock While It's Trading Below $20?
While share prices of Rivian (NASDAQ: RIVN) remain down on the year, a spate of good news has helped the stock solidly rally off its lows. The stock is still down over 25% on the year, but its price has now more than doubled from its recent lows.
With Rivian stock now gaining momentum, should you buy shares while they're still trading below $20?
The biggest recent positive development for Rivian was the company getting an investment from (OTC: VWAGY). The German automaker will initially invest $1 billion in the electric vehicle (EV) maker in the form of a convertible note that will later convert into Rivian common shares.
Source Fool.com
Volkswagen AG VZO Aktie
105,00 €
0,62 %
Leichte Kaufstimmung für Volkswagen AG VZO: Mehr Buy- als Sell-Einschätzungen.
Trotz eines Kursziels von 104 €, das unter 105.0 € liegt, ergibt sich für Volkswagen AG VZO ein negatives Potenzial von -0.95%.
