Up 70%, Is It Time to Sell Rivian Stock?

By Neil Rozenbaum – Jul 11, 2023 at 10:30AM

NASDAQ: RIVN

Rivian Automotive

Market Cap

$14B

Today's Change

(-1.60%) -$0.22

Current Price

$13.50

Price as of September 13, 2024, 4:00 p.m. ET

While the momentum is with the stock, investors shouldn't take unnecessary risks.

In this video, I will talk about Rivian (RIVN -1.60%), which is up 70% in the last few weeks following a series of positive news surrounding the company. I'll go over some comments from analysts and explain why it might be time to be fearful when others are greedy.

*Stock prices used were from the trading day of July 7, 2023. The video was published on July 10, 2023.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.