Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rivian Automotive Inc shares valued at $491,414 were purchased by ROBERT J. SCARINGE on Jan 21 ’25. At $13.76 per share, ROBERT J. SCARINGE acquired 35,713 shares.
Also, Scaringe Robert J sold 71,429 shares, netting a total of over 1,155,093 in proceeds. Following the sale of shares at $16.17 each, the insider now holds 863,361 shares.
Before that, ROBERT J. SCARINGE had added 71,429 shares to its account. In a trade valued at $1,155,086, the Officer bought Rivian Automotive Inc shares for $16.17 each.
As published in a research note from Robert W. Baird on December 18, 2024, Rivian Automotive Inc [RIVN] has been rated down from an Outperform to a Neutral and the price target has been revised to $16 from $18. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of November 08, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for RIVN. Earlier on September 25, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for RIVN stock which previously was a “an Overweight”.
Analyzing RIVN Stock Performance
During the last five days, there has been a drop of approximately -4.87%. Over the course of the year, Rivian Automotive Inc shares have dropped approximately -4.59%. Shares of the company reached a 52-week high of $16.65 on 01/03/25 and a 52-week low of $12.66 on 01/22/25. A 50-day SMA is recorded $12.82, while a 200-day SMA reached $12.28. Nevertheless, trading volume fell to 34.78 million shares from 44.54 million shares the previous day.
Support And Resistance Levels for Rivian Automotive Inc (RIVN)
According to the 24-hour chart, there is a support level at 12.52, which, if violated, would cause prices to drop to 12.35. In the upper region, resistance lies at 13.00. The next price resistance is at 13.31. RSI (Relative Strength Index) is 43.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 99.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
