Rivian Automotive Hits Day Low of $14.55 Amid Price Pressure

Rivian Automotive, Inc. experienced a notable decline today, with the stock dropping by 6.73% and hitting an intraday low of USD 14.55. This performance contrasts sharply with the S&P 500, which saw a modest gain of 0.26% on the same day. Over the past week, Rivian has shown a slight increase of 2.09%, while its one-month performance stands at 11.13%, indicating some resilience in the short term.
Despite the recent downturn, Rivian has outperformed the broader market over the past year, generating a return of 31.42% compared to the S&P 500's 16.09%. However, the company's three-year performance remains concerning, with a significant decline of 56.63%.

Financial metrics reveal a mixed picture; while Rivian reported a highest operating cash flow of USD 183 million, it also faces challenges with a negative EBITDA and a return on equity of -57.30%. Additionally, promoter confidence appears to be waning, as there has been a 1.53% reduction in their stake over the previous quarter. Rivian's market capitalization stands at USD 16,976 million, positioning it within the mid-cap segment of the automobile industry.