Looking At Rivian Automotive's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Rivian Automotive (NASDAQ:RIVN) shows a bearish stance among major investors, with 45% of trades being bearish. The stock is currently trading at $17.52, with a slight increase of 0.14%. Analysts have mixed ratings, with target prices ranging from $13 to $30.
July 16, 2024 | 4:01 pm
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Rivian Automotive has seen a significant amount of bearish options activity, with 45% of trades being bearish. The stock is currently trading at $17.52, up by 0.14%. Analysts have mixed ratings, with target prices ranging from $13 to $30.
The significant bearish options activity suggests that major investors are expecting a decline in Rivian's stock price. Additionally, the mixed analyst ratings and the current overbought RSI indicate potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100