Rivian (RIVN) Stock Draws in Retail Investors on First Day of Trading

Retail investors piled into Rivian Automotive Inc.’s electric debut when shares of the truck maker’s value soared as mentions across social media platforms surged.
The Irvine, California-based company is Wednesday’s most traded stock on Fidelity’s platform with about 46,000 buy orders from customers. That’s more than double the number of Tesla Inc. purchases, the second-most bought stock, and triple the demand for recent retail-favorites Lucid Group Inc. and Ford Motor Co. combined.
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Tobi Tarwater
Update: 2024-07-16