In a filing, Rivian Automotive Inc revealed its Chief Financial Officer McDonough Claire unloaded Company’s shares for reported $98783.0 on Nov 26 ’24. In the deal valued at $12.20 per share,8,097 shares were sold. As a result of this transaction, McDonough Claire now holds 370,401 shares worth roughly $5.21 million.
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Then, Scaringe Robert J sold 83,334 shares, generating $937,508 in total proceeds. Upon selling the shares at $11.25, the Chief Executive Officer now owns 863,361 shares.
Before that, CLAIRE MCDONOUGH bought 8,097 shares. Rivian Automotive Inc shares valued at $98,783 were divested by the Officer at a price of $12.20 per share.
The Benchmark Company initiated its Rivian Automotive Inc [RIVN] rating to a Buy in a research note published on December 09, 2024; the price target was $18. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Morgan Stanley also remained covering RIVN and has decreased its forecast on September 25, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating.
Price Performance Review of RIVN
On Tuesday, Rivian Automotive Inc [NASDAQ:RIVN] saw its stock fall -2.70% to $14.06. Over the last five days, the stock has gained 18.35%. Rivian Automotive Inc shares have fallen nearly -40.07% since the year began. Nevertheless, the stocks have fallen -26.16% 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 $10.84, while 200 days put it at $11.90.
Levels Of Support And Resistance For RIVN Stock
The 24-hour chart illustrates a support level at 13.72, which if violated will result in even more drops to 13.37. On the upside, there is a resistance level at 14.46. A further resistance level may holdings at 14.85. The Relative Strength Index (RSI) on the 14-day chart is 70.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.31%. Stochastics %K at 85.64% indicates the stock is a selling.
How much short interest is there in Rivian Automotive Inc?
A steep rise in short interest was recorded in Rivian Automotive Inc stocks on 2024-11-29, growing by 16.05 million shares to a total of 151.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 135.07 million shares. There was a rise of 10.62%, which implies that there is a positive sentiment for the stock.
