Stock Of The Day: Rivian's Downtrend Meets Friendly Support

Quick Summary:

When a stock is trending upward, demand outstrips supply, forcing traders and investors to bid higher prices to secure shares.

And it's guaranteed that sooner or later the trend will end.Rivian Automotive, Inc. (NASDAQ:RIVN) has been trending lower over the past month.

The buyers need to go to the sellers and accept whatever price they are willing to sell their shares at.

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Article Details

Author / Journalist: Mark Putrino

Category: Technology

Markets: United States

Topics: Benzinga Top Stories Tech Technicals Stories That Matter Trading Ideas EV RIVN Stock of the Day Mobility Long Ideas Expert Ideas Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 19:25:54 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22088927

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

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Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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Publisher ID: #53

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