Behind the Scenes of Rivian Automotive's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Financial giants have shown a mixed sentiment towards Rivian Automotive (NASDAQ:RIVN) through recent options trades. Analysis reveals 50% bullish and 50% bearish tendencies, with significant trades in both puts and calls. The stock is currently trading at $16.25, with an average analyst price target of $19.0. Upcoming earnings announcement in 7 days.
July 30, 2024 | 8:00 pm
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NEUTRAL IMPACT
Rivian Automotive has seen mixed sentiment in recent options trades, with equal bullish and bearish tendencies. The stock is currently trading at $16.25, with an average analyst price target of $19.0. Upcoming earnings announcement in 7 days could be a key driver for the stock.
The mixed sentiment in options trades indicates uncertainty among investors. The current stock price is slightly below the average analyst target, suggesting potential for upward movement. However, the upcoming earnings announcement could significantly impact the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100