Rivian Automotive (RIVN) Soars 8.6%: Is Further Upside Left in the Stock?

Rivian Automotive (RIVN) shares ended the last trading session 8.6% higher at $11.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.5% gain over the past four weeks.Rivian's stock saw a sharp rise yesterday following Volkswagen's commitment to invest up to $5 billion in the electric carmaker backed by Amazon. Initially, Volkswagen will inject $1 billion into a new joint venture with Rivian, focusing on shared e ...