Rivians (RIVN) Latest Crash Lures Bargain-Shopping Retail Traders

Retail investors snapped up shares of Rivian Automotive Inc. on Monday as the stock tanked after prominent corporate backers and insiders got a chance to trim their stakes when the IPO lockup ended.

Individuals flocked to the electric-vehicle maker along with some of the market’s other worst performers, sticking to their buy-the-dip ways as benchmark indexes plunged. Rivian and retail-trader favorites like Tesla Inc. and Apple Inc. were the most bought stocks on Fidelity’s platform on Monday.

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