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Stock impact report

Rivian: After A Crash From $179 To $10, I'm Buying [Seeking Alpha]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Seeking Alpha
The stock is oversold and could be due for a rebound, potentially forming a bullish double bottom. Rivian stands out as a leader in the EV industry with successful collaborations and potential future deals with major companies like Ford, Amazon, and possibly Apple. Rivian Automotive, Inc. ( NASDAQ: RIVN ) shares have been crushed over the last couple of years. I remember when I saw this stock trading up to around the $170 range, and I was wondering what are people thinking, paying this much for the stock. However, now I am wondering what people are thinking and doing, selling this stock for about $10. It seems like the former highs and the current lows represent extremes. Clearly, this stock was a sell when it was trading at extremely high levels, but I think it looks like a speculative buy around $10. The whole EV sector has crashed to various degrees. Tesla ( TSLA ) shares were trading around $260 a few months ago and now it trades for $172. Lucid is down to about $3 per shar Show less Read more
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