What Is the Highest Price of Rivian Stock Ever?
Shortly after Rivian Automotive (NASDAQ: RIVN) raced onto the scene with its initial public offering (IPO), investors rushed to hitch a ride with the upstart electric vehicle (EV) maker. With plans to offer an electric pickup truck, Rivian captured the hearts of investors, who recognized the stock as a great growth opportunity, and Rivian shares, subsequently, soared.
But it wasn't long before they hit some bumps in the road. For investors who are interested in parking this EV stock in their portfolios, it's certainly worth a look to take a look at Rivian's recent ups and downs.
Debuting on the public markets on Nov. 10, 2021, Rivian shares were priced at $78 for their initial public offering (IPO) and ended their first day of trading 29% higher. And the exuberance for Rivian stock continued to accelerate in the coming days. On Nov. 16, Rivian shares reached their all-time high-water mark; after soaring to an intra-day high of $179.47, Rivian's stock closed at $172.01.
Source Fool.com
