Why Rivian Stock Popped, Dropped, Then Recovered Today

Investors are digesting a flurry of news surrounding electric vehicle (EV) maker Rivian Automotive (RIVN 1.65%). It seems the market doesn't know what to make of the mixed bag of information either.Rivian shares jumped as much as nearly 6% early today before turning negative by 3%. As of 10:55 a.m. ET, the stock had recovered and was trading higher by 3.2%.Rivian's capital influxThe big news from the EV start-up today was a commitment for a conditional loan of up to $6.6 billion from the U.S. Department of ...