What's Going On With Rivian Stock Tuesday?

Rivian Automotive, Inc. RIVN shares are volatile on Tuesday after rising more than 25% over the last week. 

What To Know:

On Tuesday, Barclays analyst Dan Levy maintained coverage on Rivian with an Overweight rating and raised the RIVN price target from $22 to $30.

Also on Tuesday, Rivian was granted a U.S. Patent (Patent No.: US 11,699,820 B2) for a battery module with bimetallic terminal busbar and adaptable connector interface.

According to Benzinga Pro, Rivian will report its second quarter financial results after the close of markets on August 8. 

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RIVN Price Action: According to data from Benzinga Pro, Rivian Automotive shares are trading 2.92% lower at $24.77 at the time of publication.

Image: Mohamed_hassan from Pixabay