Rivian Automotive (RIVN) Stock Sinks As Market Gains: Here's Why

Rivian Automotive (RIVN) closed at $14.99, down 2.66% from the prior day, underperforming the S&P 500's 0.17% gain. The stock has dropped 3.81% over the past month. Analysts expect upcoming earnings of -$0.67 per share with 24.45% revenue growth projected. RIVN holds a Zacks Rank #3 (Hold) rating, with the Automotive-Domestic industry ranked in the top 20% of sectors.