Rivian car
the stock has been trading much worse than most of its stocks colleague. Sales and products are not the problem. That is spending. The company needs to have a plan to control cash and improve investor sentiment. Wall Street has some advice.
Morgan Stanley analyst Adam Jonas pointed out in a report Wednesday that Rivian (ticker: RIVN) stock has recently been trading below cash value. Rivian ended the year with about $13 in cash per share and an additional $1.40 in cash per share by selling bonds.
