Rivian shares extend decline as Citi cites R2 ramp concerns
Rivian Automotive (RIVN) extended a three-day slide after Citigroup initiated coverage with a Neutral rating and an $18 price target, citing R2 ramp concerns. The stock closed Friday at $16.17 and finished Wednesday at $15.23, down 5% for the week so far.
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.