Smart Money Is Betting Big In RIVN Options
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Rivian Automotive (NASDAQ:RIVN) through significant options trades. Benzinga's options scanner identified 13 trades, with 53% being bearish. The stock is currently trading at $16.82, up by 3.38%, and has an average analyst price target of $17.0.
July 25, 2024 | 5:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
High-rolling investors have shown a bearish sentiment on Rivian Automotive through significant options trades. The stock is currently trading at $16.82, up by 3.38%, with an average analyst price target of $17.0.
The significant bearish sentiment from high-rolling investors, as indicated by the options trades, suggests a potential short-term downward pressure on Rivian's stock price. Despite the current price increase, the overall sentiment and analyst ratings indicate caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100