Rivian (RIVN) stock has maintained a bullish rally post its successful IPO. The stock has gained +64.01 (59.27%) in the past five days and +71.28 (70.76%) in the past year.
Rivian is currently ranked at position three among largest automakers by market cap. The first two slots goes to Tesla and Toyota.
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To help stock traders eying the Rivian stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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RIVN stock is the stock of Rivian Automotive and it trades on NASDAQ under the symbol NASDAQ: RIVN.
Rivian Automotive is an American company that deals with electric vehicle production. It was founded in 2009.
Rivian rolled out its first all-electric pickup truck on September 14 entering the electric vehicles industry with a bang as it competes with the likes of Tesla and Lucid.
After conducting a monster IPO on Nov. 9, the company has gone ahead to become the third-largest automaker after Tesla and Toyota.
Yes. Most investors expect the RIVN stock to continue rising into the future.
Rivian stock price is expected to continue rising especially following the company’s performance in the electric automating industry that is taking the world by storm.
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