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Why Rivian Stock Is Riding Higher Today

TheMotleyFool

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Why Rivian Stock Is Riding Higher Today: https://g.foolcdn.com/editorial/images/741695/a-dog-and-its-owner-in-the-back-of-a-pickup-truck.jpg

After moving in reverse yesterday, shares of Rivian (NASDAQ: RIVN) are powering higher again today. Investors are taking note of some recent analysts who have espoused bullish views on the electric pickup truck manufacturer.

Plus, they may be more motivated to drive Rivian into their portfolios after Ford provided commentary on electric vehicles (EVs) during its second-quarter presentation yesterday.

As of 11:41 a.m. ET on Friday, shares of Rivian are up 3.9%, retreating slightly from their earlier rise of 5.5%.

Source Fool.com

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