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Piper Sandler Downgrades Rivian Automotive Inc (RIVN) to a Neutral from an Overweight

Rivian Automotive Inc’s recent filing unveils that its Officer CLAIRE MCDONOUGH acquired Company’s shares for reported $0.15 million on May 13 ’25. In the deal valued at $15.00 per share,9,937 shares were bought.

Then, Scaringe Robert J sold 35,713 shares, generating $409,360 in total proceeds. Upon selling the shares at $11.46, the Chief Executive Officer now owns 853,011 shares.

Before that, ROBERT J. SCARINGE bought 35,713 shares. Rivian Automotive Inc shares valued at $409,360 were divested by the Officer at a price of $11.46 per share.

Piper Sandler downgraded its Rivian Automotive Inc [RIVN] rating to a Neutral from a an Overweight in a research note published on March 20, 2025; the price target was decreased to $13 from $19. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early March with a ‘”a Hold”‘ rating. BofA Securities also remained covering RIVN and has decreased its forecast on February 24, 2025 with a “an Underperform” recommendation from previously “Neutral” rating. Cantor Fitzgerald revised its rating on February 21, 2025. It rated RIVN as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of RIVN

On Tuesday, Rivian Automotive Inc [NASDAQ:RIVN] saw its stock jump 1.57% to $14.87. Over the last five days, the stock has gained 10.15%. Rivian Automotive Inc shares have risen nearly 11.80% since the year began. Nevertheless, the stocks have risen 45.50% over the past one year. While a 52-week high of $18.85 was reached on 01/03/25, a 52-week low of $9.50 was recorded on 04/04/25. SMA at 50 days reached $12.12, while 200 days put it at $12.47.

Levels Of Support And Resistance For RIVN Stock

The 24-hour chart illustrates a support level at 14.60, which if violated will result in even more drops to 14.34. On the upside, there is a resistance level at 15.14. A further resistance level may holdings at 15.42. The Relative Strength Index (RSI) on the 14-day chart is 68.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.14%. Stochastics %K at 89.65% indicates the stock is a selling.

The most recent change occurred on January 29, 2025 when Bernstein began covering the stock and recommended ‘”an Underperform”‘ rating along with a $6.10 price target.

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