Rivian Surges While Toast Gets Burnt

Both stocks were the subject of recently hyped IPOs.

Bing Guan/Bloomberg

Bing Guan/Bloomberg

Investors are downright giddy over the prospects for an electric vehicle maker that has so far produced only a small parking lot full of cars.

Shares of Rivian Automotive Wednesday surged 29 percent on its first day of trading and another 20 percent or so by mid-day Thursday.

This

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related