Rivian Automotive Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Rivian Automotive (NASDAQ:RIVN) has seen unusual options activity, with a significant amount of bearish sentiment from large investors. The options trades indicate a price range expectation of $5.0 to $22.5. Analysts have mixed ratings, with recent downgrades and a target price of $18.0.
September 17, 2024 | 8:00 pm
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Rivian Automotive has experienced unusual options activity, predominantly bearish, suggesting potential price volatility. Analysts have mixed ratings, with a recent downgrade and a target price of $18.0.
The unusual options activity, with a majority of bearish trades, indicates that significant investors expect a potential decline in Rivian's stock price. The mixed analyst ratings, including recent downgrades, further support a cautious outlook. The expected price range from options activity suggests potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100