“Rivian Automotive (RIVN -6.03%) stock is losing ground again in this week’s trading. The company’s share price was down roughly 4.3% from last week’s close ahead of Friday’s market open, according to data from S&P Global Market Intelligence.
“As with many other growth stocks, Rivian’s valuation has recently been hit hard due to a combination of macroeconomic and geopolitical pressures.
“The electric vehicle (EV) company’s share price also took a hit this week following downward stock-price target revisions from analysts.
“Concerns about high inflation have once again prompted big sell-offs in this week’s trading. Risk factors related to Russia’s invasion of Ukraine, including signs that military actions could escalate and Russia’s move to cease gas deliveries to Poland and Hungary, have also created bearish catalysts.”
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