🔴 RIVN is trading 4.1% down today amid broader market weakness and profit-taking after recent gains

RIVN is trading at $19.83, down 4.1% from its previous close, continuing a pullback largely due to profit-taking following its 57% year-to-date surge and recent Autonomy & AI Day announcements.

• The stock is continuing a decline from its December 19 peak of $22.45.
• The recent surge was specifically fueled by the introduction of the custom Rivian Autonomy Processor and the competitively-priced Autonomy+ software package.
• Broader market headwinds are contributing, with major indices showing modest declines amid thin year-end trading volumes.