Rivian Automotive Inc (NASDAQ:RIVN) shares are trading marginally lower Thursday morning, despite a surge in optimism over the past week. Here’s what investors need to know.
What To Know: Recent positive sentiment, which drove the stock higher on Wednesday, is largely centered on the company’s upcoming R2 mid-size SUV. An analyst from Needham recently reiterated a Buy rating, highlighting the R2’s potential to significantly expand the company's market reach with its more affordable $50,000 price point.
