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Jan. 26, 2022, 2:31 p.m. EST

Rivian stock jumps after report saying factory is ramping production

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By Claudia Assis

Shares of Rivian Automotive Inc. /zigman2/quotes/230726939/composite RIVN +5.92% rose more than 8% Wednesday, poised to end at their highest since Dec. 27. Bloomberg earlier Wednesday reported that Rivian is picking up the pace at its Normal, Ill., plant following a week-long production halt earlier this month. According to report, which cited people familiar with the issue, Rivian is working toward having almost 200 delivery-ready units a week after going through the production snags. Rivian stock is off 38% this month, compared with losses of around 7% for the S&P 500 index. /zigman2/quotes/210599714/realtime SPX +2.47% Rivian priced its upsized initial public offering in November at $78 a share, and the stock is off about 19% from the IPO price.

/zigman2/quotes/230726939/composite
US : U.S.: Nasdaq
$ 30.96
+1.73 +5.92%
Volume: 17.47M
May 27, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$27.88 billion
Rev. per Employee
$5,277
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/zigman2/quotes/210599714/realtime
US : S&P US
4,158.24
+100.40 +2.47%
Volume: 2.17B
May 27, 2022 5:49p
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