The stock of Rivian Automotive Inc (Symbol: RIVN) made a notable leap on Wednesday as it crossed its 200-day moving average of $12.22. At its peak, shares traded at $13.10, marking a substantial rise of approximately 20% for the day. Below is a chart illustrating the one-year performance of RIVN shares compared to its 200-day moving average:
In analyzing the chart, we see that RIVN reached a low of $8.26 per share in its 52-week range, while it peaked at $24.615, closing recently at $12.71.
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