Unpacking the Latest Options Trading Trends in Rivian Automotive
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Rivian Automotive (NASDAQ:RIVN) through options trading, with 70% of transactions being bearish puts. The stock is currently down 2.12% at $10.02, and analysts have mixed ratings with an average price target of $14.6. The next earnings report is expected in 21 days.
October 17, 2024 | 5:02 pm
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Rivian Automotive sees significant bearish options activity, with 70% of trades being puts. The stock is down 2.12% and analysts have mixed ratings, with an average price target of $14.6. Earnings are due in 21 days.
The significant bearish options activity suggests that investors expect Rivian's stock to decline. The stock's current decline of 2.12% and mixed analyst ratings further support a negative short-term outlook. The upcoming earnings report could also impact the stock price.
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