One Wall Street Whale Bought $2 Billion in Rivian Stock. Should You Follow Their Lead?
Share prices of up-and-coming electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) are down a painful 36% year to date, which is worse than the performance of Lucid Group, Tesla, Ford, or General Motors. However, all five automakers are underperforming the Nasdaq Composite.
No matter how you slice it, the EV industry stock chart has been ugly so far in 2022. But with Rivian stock down around 65% from its high, is now the time to begin considering picking up shares, or is there more pain ahead?
Image source: Rivian Automotive.
Source Fool.com