In a filing, Rivian Automotive Inc revealed its Chief Executive Officer Scaringe Robert J unloaded Company’s shares for reported $1.14 million on Sep 12 ’24. In the deal valued at $13.68 per share,83,333 shares were sold. As a result of this transaction, Scaringe Robert J now holds 886,526 shares worth roughly $11.61 million.
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Then, ROBERT J. SCARINGE bought 83,333 shares, generating $1,140,004 in total proceeds.
Before that, McDonough Claire sold 3,210 shares. Rivian Automotive Inc shares valued at $43,560 were divested by the Chief Financial Officer at a price of $13.57 per share. As a result of the transaction, McDonough Claire now holds 392,662 shares, worth roughly $5.14 million.
Needham also remained covering RIVN and reiterated its “Buy” recommendation on June 28, 2024. Wedbush maintained its rating on June 26, 2024. It rated RIVN as “an Outperform”.
Price Performance Review of RIVN
On Tuesday, Rivian Automotive Inc [NASDAQ:RIVN] saw its stock fall -0.76% to $13.10. Over the last five days, the stock has lost -0.98%. Rivian Automotive Inc shares have fallen nearly -44.16% since the year began. Nevertheless, the stocks have fallen -45.82% over the past one year. While a 52-week high of $24.87 was reached on 01/02/24, a 52-week low of $8.26 was recorded on 04/16/24. SMA at 50 days reached $14.78, while 200 days put it at $13.96.
Levels Of Support And Resistance For RIVN Stock
The 24-hour chart illustrates a support level at 12.92, which if violated will result in even more drops to 12.74. On the upside, there is a resistance level at 13.41. A further resistance level may holdings at 13.72. The Relative Strength Index (RSI) on the 14-day chart is 43.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.15%. Stochastics %K at 24.43% indicates the stock is a holding.
How much short interest is there in Rivian Automotive Inc?
A steep rise in short interest was recorded in Rivian Automotive Inc stocks on 2024-08-30, dropping by -4.04 million shares to a total of 115.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 119.32 million shares. There was a decline of -3.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 26, 2024 when Cantor Fitzgerald resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $19.
