Rivian Automotive, Inc. (NASDAQ:RIVN) shares are volatile on Wednesday. The stock is up nearly 5% in the last five days and up 80% over the last month.
What To Know:
RIVN is moving on heavy volume on Wednesday with more than 53 million shares already traded in the session. According to data from Benzinga Pro, RIVN has a 100-day average volume of 37.2 million shares.
On Tuesday, Barclays analyst Dan Levy maintained an Overweight rating on Rivian and raised the RIVN price target from $22 to $30.
Rivian recently reported its second quarter production of 13,992 electric vehicles and delivery of 12,640 vehicles. Rivian also stated that the company is on track to achieve its previously announced annual production goal of 50,000 vehicles.
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RIVN Price Action: According to data from Benzinga Pro, Rivian shares are trading 1.29% higher at $25.17 at the time of publication.
Image: GoranH from Pixabay
