Rivian stock drops another 15%

3 years ago 345

Published: Nov. 18, 2021 astatine 1:59 p.m. ET

EV maker’s marketplace valuation is astir $107 cardinal

Rivian Automotive Inc. banal fell somewhat much than 15% successful midday trading Thursday, extending losses for a 2nd consecutive session.

Rivian RIVN shares traded arsenic debased arsenic $120.60 aft ending 15% successful the reddish connected Wednesday, their archetypal stumble pursuing the EV maker’s archetypal nationalist offering. That’s inactive a hefty summation from its $78 IPO terms and a archetypal commercialized past Wednesday of $106.75.

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