Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rivian Automotive Inc shares valued at $97,759 were sold by McDonough Claire on Feb 19 ’25. At $14.26 per share, McDonough Claire sold 6,856 shares. The insider’s holdings dropped to 335,076 shares worth approximately $4.67 million following the completion of this transaction.
Also, CLAIRE MCDONOUGH purchased 6,856 shares, netting a total of over 97,759 in proceeds.
Before that, Scaringe Robert J had sold 35,713 shares from its account. In a trade valued at $491,414, the Chief Executive Officer traded Rivian Automotive Inc shares for $13.76 each. Upon closing the transaction, the insider’s holdings decreased to 35,713 shares, worth approximately $12.03 million.
As published in their initiating research note from Bernstein on January 29, 2025, Rivian Automotive Inc [RIVN] has been an Underperform and the price target has been revised to $6.10. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of December 09, 2024, The Benchmark Company has initiated its “Buy” rating for RIVN. Earlier on November 08, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for RIVN stock which previously was a “a Buy”.
Analyzing RIVN Stock Performance
During the last five days, there has been a surge of approximately 11.98%. Over the course of the year, Rivian Automotive Inc shares have jumped approximately 4.74%. Shares of the company reached a 52-week high of $16.65 on 01/03/25 and a 52-week low of $11.89 on 02/03/25. A 50-day SMA is recorded $13.55, while a 200-day SMA reached $12.63. Nevertheless, trading volume fell to 28.59 million shares from 39.91 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 13.68, which, if violated, would cause prices to drop to 13.44. In the upper region, resistance lies at 14.29. The next price resistance is at 14.66. RSI (Relative Strength Index) is 56.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.13, which suggests the price will increase in the coming days. Percent R is at 20.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
