Rivian Stock Is Trading Terribly. Wall Street Thinks It’s Time for an Activist.

Rivian Automotive

stock has been trading far worse than most of its peers. Sales and products aren’t the problem. It’s spending. The company needs a plan to control cash and improve investor sentiment. Wall Street has some advice.

Morgan Stanley analyst Adam Jonas pointed out in a report Wednesday that recent Rivian (ticker: RIVN) stock levels were trading below their cash value. Rivian ended the year with about $13 in cash a share and added another $1.40 in cash a share by selling bonds.