George Soros Is Betting on Rivian (RIVN) Stock. Here’s Why

InvestorPlace2022-05-24

George Soros owns 19.83 million shares of RIVN stockDuring the first quarter, Soros also purchased 60,45o call options on theelectric vehicle(EV) companySoros Fund Managementhas an average holding ...

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Comments

  • AhBart
    2022-05-24
    AhBart
    May be Mr Soros made a wrong purchase. Do not recklessly follow. Exercise extreme caution 🤔🤔🤔
  • ThinkOrSwim
    2022-05-24
    ThinkOrSwim
    Here is my take: don't bet along side this fund. On surface, they may be on the long position. But on the flip-side, they may already have a position betting against it. By the time this news is out, they could be selling to retail and shorting for profit as the sell-off begins. Clues can be found from history. Look at Quantumscape and other previous positions from this fund for a better perspective. [Facepalm] 
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