Wall Street analyst updates Rivian stock price after spin-off into new company

Electric vehicle (EV) manufacturer Rivian (NASDAQ: RIVN) has received an update from Wall Street following the firm’s announcement of key changes to its business structure.Notably, Rivian stock has had an impressive run in recent sessions, gaining over 10% in the past week. On the monthly chart, RIVN is up 7%. However, as of press time, Rivian’s share price was showing weakness, down almost 0.8% at $12.26.RIVN one-week price chart. Source: Finbold Regarding the stock outlook, Truist Securities reaffirmed it ...