Here's Why Rivian Stock Is Sinking This Week and Could Fall Further

Rivian Automotive (NASDAQ: RIVN) stock is losing ground again in this week's trading. The company's share price was down roughly 4.3% from last week's close ahead of Friday's market open, according to data from S&P Global Market Intelligence.

As with many other growth stocks, Rivian's valuation has recently been hit hard due to a combination of macroeconomic and geopolitical pressures. The electric vehicle (EV) company's share price also took a hit this week following downward stock-price target revisions from analysts.

Image source: Rivian.

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Source Fool.com