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November, 2021

Is the Rivian IPO a Buy? ($RIVN)

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Is the Rivian IPO a Buy? ($RIVN)

Rivian is an American automaker specializing in electric vehicle production.
 
Today, the company made began its debut on the NASDAQ, trading under the ticker symbol RIVN.
 
LikeFolio recently added Rivian to our coverage list.
 
Underlying consumer Demand for Rivian’s electric vehicles has surged to new heights: +119% QoQ and +237% YoY on a 90-day moving average.
The recent uptrend in Purchase Intent Mentions coincides with the first deliveries of the Rivian ‘R1T’ electric pickup truck, which began last month after a series of delays.

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