5 Best Stocks for Beginners with Little Money According to Reddit

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

Number of Hedge Fund Holders: 37
Share price as of September 13: $23.8

Rivian Automotive, Inc. (NASDAQ:RIVN) is an American electric vehicle (EV) manufacturer and automotive technology company. Rivian focuses on developing and producing electric vehicles and related technologies. According to Redditors, Rivian is experiencing significant improvements in its profit margins, even in a challenging economic environment. This indicates that the company may have a strong foundation and be well-managed and is expected to grow in the coming years. Due to this, it can be a good investment option for beginner investors. With a share price of $23.8, RIVN is one of the best cheap beginner stocks to invest in.

The number of hedge funds tracked by Insider Monkey owning stakes in Rivian Automotive, Inc. (NASDAQ:RIVN) grew to 37 in Q2 2023, from 31 in the previous quarter. The overall value of these stakes is over $782.8 million.

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