Some haywire moves higher in money-losing electric vehicle makers such as Rivian and Lucid hint at the stock market forming an unhealthy bubble, argues Matt Maley, Miller Tabak chief markets strategist.
“It’s just a sign of an unhealthy stock market,” Maley said on Yahoo Finance Live.
That may be an understatement.
While Rivian’s stock price (RIVN) plunged 15% to close at $146.07 on Wednesday, shares at one point on Tuesday were more than double the company’s IPO pricing of $78 from last…
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