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.

Continue reading

Source Fool.com