Rivian Automotive shares have seen a 3.50% decline over the past five trading sessions, resulting in a one-month decrease of 7.78% and a year-to-date loss of 4.23%. The stock is down 27.49% compared to last year. Analyst Ronald Jewsikow downgraded Rivian to Neutral from Buy amid declining vehicle deliveries. The company plans to issue $1.25 billion in senior secure green notes to manage its finances. Rivian recently entered the e-bike market with a significant investment, although it continues to face pressures from tariffs and has experienced massive fluctuations in stock value since its IPO.
Rivian Automotive's shares fell by 3.50% in the last five trading sessions, leading to a one-month loss of 7.78% and a year-to-date loss of 4.23%. RIVN's price has dropped by 27.49% over the past year.
Guggenheim analyst Ronald Jewsikow downgraded Rivian to Neutral from Buy as the company, facing slumping vehicle deliveries, plans to offer $1.25 billion in senior secured green notes.
Rivian's entry into the e-bike market with a $111.13 million investment reflects its commitment to product line expansion, despite external pressures from tariffs.
Rivian IPO'd in November 2021, soaring to $180 in its first week, but currently trades over 85% lower than its all-time high as operating expenses and market conditions challenge its growth.
Collection
[
|
...
]