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Why Rivian Stock Soared Today

Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher Monday afternoon, driven by the board’s approval of a new 10-year compensation plan for CEO RJ Scaringe. The performance-based package is tied to ambitious stock price targets and profitability goals, signaling confidence in the company’s long-term strategy.RIVN shares are climbing with conviction. Review the technical setup here.What To Know: Today's rally builds on a volatile but fundamentally positive week for the EV maker. Last Tuesday, Rivia ...