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-0.000554001119194281 0.000559597090095219 0.000559597090095219 0 0.00111919418019024 0.00167879127028546 0.0011135982092893 0.00155567991046442
Stock impact report

Why Rivian (RIVN) Shares Are Falling Today [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
from its electric vehicle (EV) strategy, which amplified investor concerns about waning consumer demand and the financial health of the EV market. Ford revealed it was ending production of its all-electric F-150 Lightning, a direct competitor to Rivian's R1T, and shifting investment toward more efficient gasoline and hybrid vehicles. This move was attributed to financial losses and a changing market reality. The broader sentiment for EVs was also dampened when the European Union announced it would step back from a plan to ban emissions from new vehicles by 2035. The shares closed the day at $17.91, down 4.1% from previous close. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Rivian? Access our full analysis report here Rivian's shares are extremely volatile and have had 32 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news mea Show less Read more
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