Rivian Automotive's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in Rivian Automotive (NASDAQ:RIVN) through unusual options trades. Analysis reveals a mix of bullish and bearish sentiments, with a significant focus on call options. The targeted price range for Rivian is between $10.0 and $20.0. Analysts have mixed ratings, with an average price target of $12.25.
June 06, 2024 | 5:31 pm
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Rivian Automotive has seen significant options activity, with a mix of bullish and bearish trades. Analysts have mixed ratings, with an average price target of $12.25. The stock is currently up 1.02% at $11.57.
The significant options activity, particularly the bullish trades, indicates strong interest from financial giants. The mixed analyst ratings and the current stock price increase suggest a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100