Investment firm buys Rivian stock despite mixed earnings and analysts' predicted annual loss.

Investment firm Pilgrim Partners Asia Pte Ltd has bought 8,800 shares of Rivian Automotive, totaling $117,000, in the fourth quarter. Despite a slight miss on earnings per share, Rivian surpassed revenue expectations with $1.73 billion. However, analysts predict a loss for the year ahead. The stock has received mixed reviews from analysts, with a current consensus of "Hold" and a target price of $14.38.

4 days ago
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