Rivian Automotive Unusual Options Activity For September 25
Portfolio Pulse from Benzinga Insights
Rivian Automotive (NASDAQ:RIVN) is experiencing unusual options activity, with a significant bearish sentiment among investors. The options activity suggests a potential price movement between $5.0 and $14.0. The stock is currently down 6.76% at $11.04, and analysts have adjusted their ratings and price targets, reflecting concerns.
September 25, 2024 | 8:15 pm
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Rivian Automotive is facing significant bearish options activity, with 71% of investors adopting a bearish stance. The stock is down 6.76%, and analysts have adjusted their ratings, indicating potential short-term volatility.
The unusual options activity, with a majority of investors bearish, suggests a negative sentiment towards Rivian. The stock's recent decline and analyst downgrades further support a potential short-term negative impact on the stock price.
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