RIVN Stock: Don't Be Fooled by the R2 Hype, Single Digits Could Be Next
A spate of bad news (namely, a poorly received quarterly earnings release) knocked Rivian Automotive (NASDAQ:RIVN) stock lower last month. This month the market reacted positively to two early March announcements. The news is temporarily boosting the stock, maintaining it at 12 per share.So, this means investors now can slowly buy in before the next rally, right? Not so fast. If you are of the view that RIVN has bottomed out, consider it best to think otherwise. Rivian’s low-teens price floor could ...