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