Rivian Automotive Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Rivian Automotive (NASDAQ:RIVN), with options trading data revealing 62% bearish and 37% bullish positions. Significant options activities include both puts and calls, with a target price range from $10.0 to $22.5. The current stock price of RIVN is up 0.97% at $15.65, with analysts giving mixed ratings and target prices ranging from $17 to $25. The next earnings report is expected in 14 days.
February 07, 2024 | 5:16 pm
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Rivian Automotive shows a bearish sentiment among investors with a significant options trading activity. Analysts have mixed ratings with target prices ranging from $17 to $25. The stock is currently up 0.97% at $15.65.
The bearish sentiment among investors, as indicated by options trading, suggests caution. However, the stock's current positive movement and mixed analyst ratings indicate uncertainty in the short term impact. The upcoming earnings report could be a significant factor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100