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Why Rivian Stock Zoomed Nearly 4% Higher Today

Why Rivian Stock Zoomed Nearly 4% Higher Today

The stock market had a good trading session on Wednesday, but Rivian Automotive (NASDAQ: RIVN) had a really good day. RBC Capital Markets' Joseph Spak made the move in a new research note that morning, slicing his level to $62 per share from the previous $75. Spak is mainly concerned with Rivian's aim to switch over from rail to truck delivery.