Why Rivian Stock Is Jumping Today
Rivian Automotive (NASDAQ: RIVN) stock is making gains in Tuesday's trading. The electric vehicle (EV) company's share price was up 5% as of 11:30 a.m. ET.
Today is 2024's final trading day, and investors are making relatively few buying and trading moves compared to the average session. Thanks in part to the lower trading volume, Rivian stock is seeing significant gains following a new endorsement from a social media influencer and positive coverage on the company from Newsweek.
With relatively low trading volume today it takes less news to power significant moves for a company's share price. Rivian's share price is seeing large gains in conjunction with this dynamic and some positive coverage on its vehicles, charging network, and brand initiatives.
Source Fool.com
