Rivian Stock Got Cheaper Today -- Is It a Buy?
Electric truck start-up Rivian (NASDAQ: RIVN) enjoyed an explosive initial public offering (IPO) late last year, more than doubling its price in its first week as a public company. Sadly, Rivian stock is moving in the opposite direction today. As of 1:20 p.m. ET, shares of Rivian have lost 8.9% of their value, pushing the stock's total losses since the start of this still very young year past 10%.
That sounds like bad news -- but might it actually be a buying opportunity for new investors?
Image source: Rivian.
Source Fool.com
