2 Things That Will Have Rivian Stock Acting Like Meta Shares
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Stock in electric truck start-up Rivian Automotive is trading terribly, off more than 80% from its IPO price of $78 a share and more than 90% from all time highs. Shares also trade far worse than stock of other EV start-ups.
It might be time for Rivian (ticker: RIVN) management to do something about that—like take a page out of Meta Platform’s (META) book.
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