Rivian Automotive Inc’s filing revealed that its Chief Financial Officer McDonough Claire unloaded Company’s shares for reported $32196.0 on Nov 18 ’24. In the deal valued at $10.03 per share,3,210 shares were sold. As a result of this transaction, McDonough Claire now holds 378,498 shares worth roughly $3.85 million.
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Then, Scaringe Robert J sold 83,333 shares, generating $969,588 in total proceeds. Upon selling the shares at $11.64, the Chief Executive Officer now owns 886,526 shares.
Before that, ROBERT J. SCARINGE bought 83,333 shares. Rivian Automotive Inc shares valued at $969,588 were divested by the Officer at a price of $11.64 per share.
BofA Securities downgraded its Rivian Automotive Inc [RIVN] rating to a Neutral from a a Buy in a research note published on November 08, 2024; the price target was decreased to $13 from $20. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “an Equal-weight”.
Price Performance Review of RIVN
On Tuesday, Rivian Automotive Inc [NASDAQ:RIVN] saw its stock jump 0.99% to $10.17. Over the last five days, the stock has lost -3.88%. Rivian Automotive Inc shares have fallen nearly -56.65% since the year began. Nevertheless, the stocks have fallen -39.10% over the past one year. While a 52-week high of $24.61 was reached on 01/02/24, a 52-week low of $8.26 was recorded on 04/16/24. SMA at 50 days reached $10.97, while 200 days put it at $12.10.
Levels Of Support And Resistance For RIVN Stock
The 24-hour chart illustrates a support level at 9.94, which if violated will result in even more drops to 9.71. On the upside, there is a resistance level at 10.36. A further resistance level may holdings at 10.55. The Relative Strength Index (RSI) on the 14-day chart is 46.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.39%. Stochastics %K at 16.67% indicates the stock is a buying.
How much short interest is there in Rivian Automotive Inc?
A steep rise in short interest was recorded in Rivian Automotive Inc stocks on 2024-10-31, growing by 12.73 million shares to a total of 135.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 122.34 million shares. There was a rise of 9.43%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 28, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $20.
