5Rivian Automotive (RIVN) shares rose more than 5% in morning trading, indicating another bumper day for the electric vehicle maker’s shares.
It has risen over the past eight trading sessions, gaining nearly 84% in that time and closing at the highest level since December on Friday.
Analysts say the rally is due to the company’s more optimistic outlook since its production update last week and a flurry of price target revisions by stock analysts.