Rivian Automotive (RIVN) Faces Steeper Decline Amid Market Turbulence

Rivian Automotive (RIVN) closed at $17.82, down 1.33% from the previous day, underperforming the S&P 500. The company's shares have decreased by 24.12% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss. Rivian's upcoming earnings report is expected to show a year-over-year growth of 20.81% in earnings per share and an 89.33% increase in revenue. Analysts' estimate changes have a direct correlation with stock price performance, and Rivian currently holds a Zacks Rank of #4 (Sell). The Automotive - Domestic industry, to which Rivian belongs, has a Zacks Industry Rank of 181, placing it in the bottom 29% of all industries.