10 Firms Mirror Dow Jones Decline on Monday

5. Rivian Automotive Inc. (NASDAQ:RIVN)

Rivian Automotive’s shares dropped by 4.7 percent on Monday to finish at $15.72 each as investors pocketed early gains after delivering its biggest single-day percentage on Friday since going public.

The stock surged by an impressive 24 percent in the previous trading day buoyed by stellar fourth-quarter delivery numbers.

According to the company, it produced 12,727 vehicles at its plant in Normal, Illinois in the fourth quarter of the year and a total of 49,476 units for the full year. Deliveries were even better at 14,183 for the fourth quarter alone and 51,579 units for the full year 2024.

Meanwhile, Wall Street analysts earlier expected the company to deliver closer to 13,400 electric vehicles for the period and 51,000 for the entire year.