Fool.com contributor Parkev Tatevosian answers if Rivian (RIVN +1.81%) makes an excellent purchase for long-term investors.
*Stock prices used were the afternoon prices of July 27, 2024. The video was published on July 29, 2024.
Should Investors Buy Rivian Stock Before Aug. 6?
Rivian is in the process of turning gross profits positive by the end of 2024.
By Parkev Tatevosian, CFA – Jul 31, 2024 at 5:00AM EST
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About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.