This Is What Whales Are Betting On Rivian Automotive
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Rivian Automotive (NASDAQ:RIVN) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $14.0 to $25.0 for Rivian Automotive over the last 3 months. The price of RIVN is up 7.7% at $22.11. Several financial institutions have maintained or downgraded their ratings on Rivian, with price targets ranging from $23 to $44.
August 29, 2023 | 4:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A large investor has taken a bearish stance on Rivian Automotive, with a significant options position. The sentiment among these traders is more bearish than bullish. Several financial institutions have maintained or downgraded their ratings on Rivian.
The bearish stance taken by a large investor or institution, as indicated by the significant options position, suggests that there may be a negative outlook for Rivian Automotive. This is further supported by the more bearish sentiment among big-money traders. Additionally, several financial institutions maintaining or downgrading their ratings on Rivian could also negatively impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100