Rivian Automotive Inc ( RIVN ) shares are trading higher by 2.06% to $10.66 going into the close of Wednesday’s session. The stock has experienced a volatile week as geopolitical tensions in the Middle East sent ripples through the global markets.

The United Nations Security Council convened an emergency session on Wednesday to address a growing conflict between Israel and Iran, with Hezbollah militants in Lebanon also involved.

The session followed Iran's missile attack on Israel, described by Israeli officials as the largest in its history.

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What To Know: Rivian, an EV startup known for its electric trucks and SUVs, is vulnerable to market fluctuations driven by both consumer confidence and broader macroeconomic conditions, particularly those affecting supply chains and energy prices.

As geopolitical tensions have been rising, fears of further disruptions in oil supply began to influence investor sentiment, pulling down equities on Tuesday. Higher oil prices tend to elevate inflation concerns, which in turn can weigh on growth stocks like Rivian.

The company is also still in its ramp-up phase, investing heavily in production and infrastructure, making it sensitive to inflationary pressures and any increase in borrowing costs that might result from central bank actions.

What Else: On Tuesday, major stock indices, including the S&P 500 and the Dow Jones, slipped, influenced by a combination of geopolitical concerns and economic data releases.

Rivian's stock has been volatile as investors anticipated higher oil prices, which could complicate inflation control efforts by the Federal Reserve and delay any potential interest rate cuts. For a capital-intensive company like Rivian, higher interest rates would increase the cost of borrowing, making it more expensive to fund its operations and expansion.

While oil prices have spiked this week, the expectation that the disruption to global oil supply would be less severe than during Russia’s invasion of Ukraine led to a calmer outlook, which helped lift risk assets like Rivian Wednesday.

Read Also: Markets Turn Risk-Off As Israel, Iran Clash: Investors ‘Rightly Fearful’ Of Oil Disruption, Strategist Says

How To Buy RIVN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Rivian Automotive’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, RIVN has a 52-week high of $24.61 and a 52-week low of $8.26.