Rivian Automotive (RIVN) Surges 8.1%: Is This an Indication of Further Gains?

Rivian Automotive (RIVN) shares soared 8.1% in the last trading session to close at $18.11. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.9% gain over the past four weeks.Shares of Rivian surged over 8% on Friday, marking the sixth consecutive day of gains, driven by the company's cost-reduction strategy and Volkswagen's capital injection decision. Volkswagen’s investment, along with Rivian's cash reserves, is expected to su ...