2 EV Stocks Hurting After Sector Peer Downgrade

Electric vehicle (EV) stocks are suffering today after Morgan Stanley downgraded Rivian Automotive (RIVN) to "equal weight." Shares of sector peers Nio Inc - ADR (NYSE:NIO) and Lucid Group Inc (NASDAQ:LCID) were last seen don 3.1% to trade at $5.77 and 3.5$3.44, respectively. NIO yesterday hit a ceiling at the $6 level, which also rejected a rally back in May. Shares conquered the 20-day moving average in late August after pulling back close to their April 22, four-year low of$3.61. Despite consolidat ...