Rivian (NASDAQ:RIVN) gains as Russell growth index inclusion hits R2 ramp milestone
Rivian Automotive, Inc. jumped 7.55% to finish at $16.81 on Monday after S&P Capital IQ confirmed the EV maker is going into the Russell 3000E Growth Benchmark. The stock closed near where it traded when the R2 SUV started shipping to customers earlier this month. But Monday’s move was more about index flows and a bounce in EV names than just Rivian itself, traders said.