Rivian Automotive Inc’s recent filing unveils that its Chief Executive Officer Scaringe Robert J unloaded 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 sold. As a result of this transaction, Scaringe Robert J now holds 863,361 shares worth roughly $11.52 million.
Then, ROBERT J. SCARINGE bought 71,429 shares, generating $1,155,086 in total proceeds.
Before that, Scaringe Robert J sold 71,429 shares. Rivian Automotive Inc shares valued at $991,292 were divested by the Chief Executive Officer at a price of $13.88 per share. As a result of the transaction, Scaringe Robert J now holds 863,361 shares, worth roughly $11.52 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 Tuesday, Rivian Automotive Inc [NASDAQ:RIVN] saw its stock fall -1.11% to $13.34. Over the last five days, the stock has lost -15.11%. Rivian Automotive Inc shares have risen nearly 0.30% since the year began. Nevertheless, the stocks have fallen -29.00% over the past one year. While a 52-week high of $18.85 was reached on 01/03/25, a 52-week low of $8.26 was recorded on 01/02/25. SMA at 50 days reached $12.46, while 200 days put it at $12.20.
Levels Of Support And Resistance For RIVN Stock
The 24-hour chart illustrates a support level at 12.91, which if violated will result in even more drops to 12.47. On the upside, there is a resistance level at 13.95. A further resistance level may holdings at 14.55. The Relative Strength Index (RSI) on the 14-day chart is 48.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.09%. Stochastics %K at 20.96% 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 2024-12-31, dropping by -6.26 million shares to a total of 144.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 151.12 million shares. There was a decline of -4.32%, which implies that there is a negative sentiment for the stock.
