Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rivian Automotive Inc shares valued at $969,588 were sold by Scaringe Robert J on Sep 23 ’24. At $11.64 per share, Scaringe Robert J sold 83,333 shares. The insider’s holdings dropped to 886,526 shares worth approximately $8.97 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, ROBERT J. SCARINGE purchased 83,333 shares, netting a total of over 969,588 in proceeds.
Before that, Scaringe Robert J had sold 83,333 shares from its account. In a trade valued at $1,140,012, the Chief Executive Officer traded Rivian Automotive Inc shares for $13.68 each. Upon closing the transaction, the insider’s holdings decreased to 83,333 shares, worth approximately $8.97 million.
As published in a research note from Morgan Stanley on September 25, 2024, Rivian Automotive Inc [RIVN] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $13 from $16. Earlier on June 28, 2024, Needham resumed its rating. Their recommendation was “a Buy” for RIVN stock.
Analyzing RIVN Stock Performance
During the last five days, there has been a drop of approximately -1.36%. Over the course of the year, Rivian Automotive Inc shares have dropped approximately -56.86%. Shares of the company reached a 52-week high of $21.94 on 01/02/24 and a 52-week low of $8.26 on 04/16/24. A 50-day SMA is recorded $12.45, while a 200-day SMA reached $12.86. Nevertheless, trading volume fell to 27.78 million shares from 17.75 million shares the previous day.
Support And Resistance Levels for Rivian Automotive Inc (RIVN)
According to the 24-hour chart, there is a support level at 9.94, which, if violated, would cause prices to drop to 9.77. In the upper region, resistance lies at 10.28. The next price resistance is at 10.45. RSI (Relative Strength Index) is 32.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 82.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
