Rivian's Q4 Blowout Sales Fuel 24% Stock Surge: Time to Book Profits?

Rivian Automotive (RIVN) charged up the stock market on Friday, delivering its biggest single-day percentage gain since going public. The stock surged an impressive 24.45% to close at $16.49 after the California-based electric vehicle (EV) maker posted stellar fourth-quarter delivery numbers. Rivian sold 14,183 vehicles in the December quarter, surpassing Wall Street’s estimate of 13,000 units and edging out its delivery figure of 13,972 units in the fourth quarter of 2023.For the full year, Rivian produced ...