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Why Rivian Stock Dropped Again Today
For the third day in a row, shares of electric truck start-up Rivian Automotive (NASDAQ: RIVN) were powering down Wednesday — 6.4% lower, to be precise, as of 11:15 a.m. ET today. A note last night from an analyst at Mizuho Securities laid out several positives about Rivian, but also included plenty of warnings on its risks. In a note sent along by TipRanks.com, Mizuho analyst Vijay Rakesh laid out his buy theses on three electric vehicle (EV) stocks, including Rivian.
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