Rivian (RIVN) stock: EV maker’s shares slip despite Fed’s rate cut
Friday, 20 September 2024 ()
Rivian Automotive Inc. (NASDAQ: RIVN) saw its shares drop by 7.5% to $12.17 during Friday’s trading session, reflecting a broader market pullback after a recent rally. The decline comes on the heels of the Federal Reserve’s unexpected decision to cut interest rates, marking the first reduction in over four years. This move had initially buoyed […]
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