Time to Buy the Dip on Rivian Stock?
Legendary investor Peter Lynch is famous for saying, "Buy what you know." This means buying stocks whose products you have personal experience with and hopefully think of highly. Anecdotal evidence can sometimes give individual investors an edge over big research firms on Wall Street. It is how a lot of people made fortunes in .
One company whose product I bet you are seeing more of lately is Rivian Automotive (NASDAQ: RIVN). The premium electric vehicle (EV) start-up has rapidly ramped up production after its late 2021 initial public offering (IPO), with plans to make 52,000 vehicles this year. And yet, as we sit here today, shares of the stock are down a whopping 82% in the last few years.
Rapid growth and a declining share price should be a signal for investors to investigate. Time to buy the dip on Rivian stock? Let's take a deeper look and see.
Source Fool.com
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