Rivian Shares Jump 8.1% as Tech Rebound and Bitcoin Rally Spur Gains
Shares of the electric vehicle maker rose 8.1% on Feb 6 after a broad tech-sector rebound, Bitcoin stabilization and a surprising uptick in U.S. consumer sentiment lifted investor appetite. The stock has registered 32 moves exceeding 5% in the past year and fell 9% three weeks ago when UBS warned of rising cash burn and lower 2026–27 sales forecasts.
1. Afternoon Rally Drivers
Rivian’s shares climbed 8.1% on February 6 after technology stocks recovered from a sell-off and Bitcoin stabilized following a steep decline. Improved U.S. consumer sentiment data further boosted risk appetite, prompting investors to buy shares at lower levels and pushing the broader market back into positive territory.
2. Volatility and Recent Downgrade
The stock has experienced 32 single-day moves greater than 5% over the past 12 months, underscoring its high volatility. Just 23 days earlier, UBS downgraded the company to Sell, expressing concerns that free cash flow burn could exceed $4 billion and forecasting 2026–27 vehicle sales well below consensus estimates.