If You Invested $10,000 in Rivian in 2021, This Is How Much You Would Have Today
Onetime Wall Street darling Rivian (NASDAQ: RIVN) has fallen out of favor with a great many investors.
This is not entirely the electric vehicle (EV) maker's fault. For a variety of reasons, manufacturers generally and EV makers specifically are suffering, and investors are punishing their stocks. Rivian is one of the EV companies that has been most affected by this.
It may be hard to imagine now, but Rivian was a hot item when it went public in November. The IPO price was $78 per share, and thanks to robust demand, it zoomed to nearly $107 when the stock opened for trading on the Nasdaq.
Source Fool.com
