These Once-Hot Stocks Are Cold as Ice

Rivian debuted in late 2021 at an IPO price of $78. It opened trading on Nov. 8 that year 37% higher and peaked that next day at $179.47. You can buy it today under $15 – or more than 90% below its high. Other EV startups tell a similar though slightly less dramatic tale… going public when EVs were the hottest thing around and enduring a couple of years of price declines. But aren’t EVs the next big thing? If so, these low prices could be amazing buying opportunities.