5 Best All-Time Low Stocks To Buy Now

3. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 30

American EV company Rivian Automotive, Inc. (NASDAQ:RIVN) fell to new lows after it missed estimates for 2022. Rivian Automotive, Inc. (NASDAQ:RIVN) said it produced 24,337 vehicles in 2022, including 10,020 in the fourth quarter. Rivian Automotive, Inc. (NASDAQ:RIVN) suffered amid supply-chain issues and demand headwinds. Latest media reports also suggest that several executives recently left the company. The WSJ reported that Rivian’s vice president who was overseeing body engineering left the company, in addition to the company’s head of supply chain. Rivian Automotive, Inc. (NASDAQ:RIVN) shares have lost a whopping 80% over the past 12 months.

Rivian Automotive, Inc. (NASDAQ:RIVN) is still operating in a high-growth market. If the market starts to turn the corner and the company manages to fix its supply-chain problems, the stock could be a profitable investment for long-term investors.

As of the end of the third quarter of 2022, 30 hedge funds had stakes in Rivian Automotive, Inc. (NASDAQ:RIVN), compared to 35 funds in the previous quarter.