Rivian stock hits new 52-week low after the automaker misses 2022 production target
Publishing timestamp: 2023-01-04 15:20:00
Summary
Rivian Automotive's stock hit a new 52-week low after the company missed its 25000-unit production target for last year. The EV startup produced 24337 vehicles in 2022, and the stock fell 80% during the year due to production, parts, and supply chain problems. The stock traded for $106.80 a year ago, and during early trading Wednesday dipped by as much as 4.5% to $16.56 a share before reversing course and gaining more than 2% to close at $17.71 a share.
Sentiment: NEGATIVE
Tickers: RIVN,
Keywords: stock markets, business, technology, business news, autos, markets, rivian automotive inc, transportation, breaking news: business,