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Benzinga

Business

Henry Khederian

What's Going On With Rivian Stock?

Rivian RIVN Rivian Automotive Rivian Automotive Inc Benzinga Edge

rivian shutter2

Shares of Rivian Automotive Inc (NASDAQ:RIVN) are trading higher Wednesday afternoon, despite a lack of company-specific news for the session. Here’s what investors need to know.

What To Know: Optimism over the past week is largely centered on the upcoming R2 SUV. An analyst from Needham recently reiterated a Buy rating for Rivian, highlighting the potential of the more affordable $50,000 vehicle to significantly expand the company’s market reach.

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