Rivian Stock Has Gone Full Circle (and NOT in a Good Way)

The see-sawing shares of Rivian Automotive (NASDAQ:RIVN) — an upstart electric-vehicle (EV) manufacturer — have essentially come full circle. In late February of this year, Rivian stock was trading hands at just over $10. An initial dead-cat bounce failed, leading to single-digit pricing. But soon enough, the speculative bulls latched onto the relatively discounted deal and raised the valuation.However, after hitting a technical wall around the $12 level, Rivian stock started to retreat. In the business wee ...