In a filing, Rivian Automotive Inc revealed its Chief Executive Officer Scaringe Robert J unloaded Company’s shares for reported $0.99 million on Dec 23 ’24. In the deal valued at $13.88 per share,71,429 shares were sold. As a result of this transaction, Scaringe Robert J now holds 863,361 shares worth roughly $11.72 million.
Then, ROBERT J. SCARINGE bought 71,429 shares, generating $991,292 in total proceeds.
Before that, McDonough Claire sold 18,501 shares. Rivian Automotive Inc shares valued at $277,515 were divested by the Chief Financial Officer at a price of $15.00 per share. As a result of the transaction, McDonough Claire now holds 351,900 shares, worth roughly $4.78 million.
Robert W. Baird downgraded its Rivian Automotive Inc [RIVN] rating to a Neutral from a an Outperform in a research note published on December 18, 2024; the price target was decreased to $16 from $18. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. BofA Securities also remained covering RIVN and has decreased its forecast on November 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on September 25, 2024. It rated RIVN as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of RIVN
On Monday, Rivian Automotive Inc [NASDAQ:RIVN] saw its stock fall -0.51% to $13.58. Over the last five days, the stock has lost -1.81%. Rivian Automotive Inc shares have fallen nearly -42.11% since the year began. Nevertheless, the stocks have fallen -42.31% over the past one year. While a 52-week high of $24.30 was reached on 01/02/24, a 52-week low of $8.26 was recorded on 04/16/24. SMA at 50 days reached $11.76, while 200 days put it at $12.06.
Levels Of Support And Resistance For RIVN Stock
The 24-hour chart illustrates a support level at 13.18, which if violated will result in even more drops to 12.79. On the upside, there is a resistance level at 13.81. A further resistance level may holdings at 14.05. The Relative Strength Index (RSI) on the 14-day chart is 54.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.21%. Stochastics %K at 38.54% 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 2024-12-13, dropping by -7.64 million shares to a total of 142.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 150.0 million shares. There was a decline of -5.37%, which implies that there is a negative sentiment for the stock.
