Why Rivian Stock Is Crashing Today

Rivian Automotive (RIVN -7.77%) stock has kicked off 2024 in low gear, with its shares losing value steadily in recent days. This morning, the electric vehicle (EV) stock was trading 6% lower as of noon ET after an analyst downgraded the stock's price target by nearly 35% on a weak outlook for 2024.Rivian stock gets a big downgradeThis morning, Deutsche Bank analyst Emmanuel Rosner slashed Rivian stock's price target to $19 per share from $29 a share, according to The Fly. In other words, Rosner sees barely ...