How low can RIVN stock go?

[rivianguy]

Currently 13 bucks a share.

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[COdogman]

 

[DuoRivians]

I think we’re near the bottom.

 

[mabowden]

$0

He speaks the truth.

 

[mabowden]

How low, can you go Porkchop?

 

[Tahoe Man]

If you read postings from a year ago, everyone was pretty bullish and giddy. Everyone was looking for a TSLA sequel. The RIVN permabulls were in full display. But RIVN has done nothing but made lower highs and lower lows since the all time high. The bears have definitely decimated this stock.

I did two purchases of my investment portfolio of (0.2%) at $19 and (0.1%) at $25 and obviously it was a disaster.

$19 at the time seemed like a good point to make a second entry given the volume. However after their last earnings release, it brought the stock below it's old low on high volume. So it's going to take effort to get above $15.

I still think an ultimate low is in the single digits if Rivian survives. I think that's where the bulls will throw in the towel for good and swear off ever buying an EV stock again. But I would think some nice counter trend rallies to take place first. But it's still in a solid downtrend that hasn't broken yet.

 

[Deleted member 11292]

If you read postings from a year ago, everyone was pretty bullish and giddy. Everyone was looking for a TSLA sequel. The RIVN permabulls were in full display. But RIVN has done nothing but made lower highs and lower lows since the all time high. The bears have definitely decimated this stock.

Well, everyone that is, except you. Clicking on your profile and scrolling through your posts, I'm pretty sure you have purple hair.

 

[kizamybute']

Early adopters and investors in TSLA got rich. Same in Rivian got sent to the poor house. Been a very sad ride. Much of it just due to the market conditions that exist today, but much of it was self-inflicted by poor communication from Rivian's executives. Will it ever see $200 again? Maybe in 20 years, if they're still around.

 

[Tahoe Man]

Well, everyone that is, except you. Clicking on your profile and scrolling through your posts, I'm pretty sure you have purple hair.

Cute.

There's a Wall Street saying to never fall in love with a stock.

 

[Deleted member 11292]

Cute.

There's a Wall Street saying to never fall in love with a stock.

Agreed. But I assume that applies to falling in hate as well.

 

[rivianguy]

I'm definitely not a stock expert but I did purchase the stock at the IPO price when they offered it to me. It's been pretty eye opening to watch this crash as it has. So strange to see a company with such an exceptional product and incredible demand for that product take such a beating on the stock. Reminds me why I don't speculate on individual stocks. Oh well at least I'll always have SVB! Oh wait...

 

[Freddie]

Market cap lower than Lucid is not justifiable! That doesn’t mean it won’t go further down. Needs some positive news and market cooperation to see any bounce from here.

 

[MidnightRivian]

About $3.50

 

[jebinc]

$1.98?

 

[ironpig]

He speaks the truth.

Yep. This is the answer. It can go as low as $0.

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