Rivian Stock Slips Despite Broader Market Gains; Poor Month Continues Ahead of Q4 Earnings
• Rivian Automotive (RIVN) stock rose 0.06% but lagged behind broader market gains • Shares have fallen 30.94% over the past month, underperforming the sector and market • Upcoming earnings release on February 21st projected to show jump in revenue but continued losses • Recent analyst estimate revisions signify changing near-term business trends • Zacks Ranking methodology rates RIVN stock as a #4 (Sell) in the weak Automotive - Domestic industry