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Benzinga
Benzinga
Business
Adam Eckert

Why Rivian Shares Are Rising Today

Rivian George Soros Rivian Automotive Inc

Rivian Automotive Inc (NASDAQ:RIVN) is trading higher Monday morning after filings from billionaire investor George Soros showed he invested about $2 billion in the electric vehicle company during the fourth quarter. 

Soros’ family investment office, Soros Fund Management, revealed that it bought nearly 20 million shares, giving Soros about a 2% stake in Rivian, which is 20% owned by Amazon.com Inc (NASDAQ:AMZN). 

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