Why Rivian Stock Can't Stop Dropping This Week
This week has not been a fun week to own stock in Rivian Automotive (NASDAQ: RIVN).
For four straight days, shares of the electric truck company have plummeted as investors reacted to Rivian's ill-fated move to retroactively raise prices on pre-ordered trucks, followed by the company reversing that decision -- and now, Wall Street's verdict on the fiasco.
As of 11:25 a.m. ET on Friday, Rivian is down another 5.5%, bringing its losses for the week to a staggering 29%.
Source Fool.com
