Rivian Automotive Inc’s filing revealed that its Officer ROBERT J. SCARINGE acquired Company’s shares for reported $1.16 million on Jan 06 ’25. In the deal valued at $16.17 per share,71,429 shares were bought.
Then, Scaringe Robert J sold 71,429 shares, generating $991,292 in total proceeds. Upon selling the shares at $13.88, the Chief Executive Officer now owns 863,361 shares.
Before that, ROBERT J. SCARINGE bought 71,429 shares. Rivian Automotive Inc shares valued at $991,292 were divested by the Officer at a price of $13.88 per share.
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 Tuesday, Rivian Automotive Inc [NASDAQ:RIVN] saw its stock fall -4.87% to $14.95. Over the last five days, the stock has gained 10.09%. Rivian Automotive Inc shares have risen nearly 12.41% since the year began. Nevertheless, the stocks have fallen -21.65% over the past one year. While a 52-week high of $19.76 was reached on 01/03/25, a 52-week low of $8.26 was recorded on 01/02/25. SMA at 50 days reached $12.21, while 200 days put it at $12.14.
Levels Of Support And Resistance For RIVN Stock
The 24-hour chart illustrates a support level at 14.39, which if violated will result in even more drops to 13.83. On the upside, there is a resistance level at 15.93. A further resistance level may holdings at 16.90. The Relative Strength Index (RSI) on the 14-day chart is 58.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.37%. Stochastics %K at 76.23% 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.
