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Benzinga

Business

Henry Khederian

Why Rivian Stock Soared Today

Rivian Rivian Automotive RIVN RJ Scaringe

Rivian

Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher Monday afternoon, driven by the board’s approval of a new 10-year compensation plan for CEO RJ Scaringe. The performance-based package is tied to ambitious stock price targets and profitability goals, signaling confidence in the company’s long-term strategy.

RIVN shares are climbing with conviction. Review the technical setup here.

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