Is Rivian Stock a Buy After the Recent Drop?
Several factors have come together that have scared investors out of Rivian Automotive (NASDAQ: RIVN) stock this week. In just the past two days, Rivian shares have plunged almost 20%.
The electric vehicle (EV) start-up will provide its operational and financial update next week, and investors are worried about what they'll hear. Especially after the company already has said it needs to raise prices to offset increasing costs. When a stock with high growth potential drops this much, investors may be wondering if it's a great opportunity to jump in, or if the stock is dropping for good reason.
Image source: Rivian Automotive.
Source Fool.com
