Rivian Automotive Inc. inventory dropped greater than 17% on Wednesday, a day after the electric-vehicle maker pinned combined quarterly outcomes and a weaker manufacturing steerage on manufacturing snags that many on Wall Street thought had been within the rearview mirror.
Rivian inventory RIVN was on observe for its lowest shut since Jan. 20 and its worst one-day drop since May 9, when it fell 21%. The inventory is down 90% from its report closing excessive of $172.01 hit in November 2021 shortly after its large IPO.
The…
Source web site: www.marketwatch.com
