Rivian Automotive's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Rivian Automotive (NASDAQ:RIVN) through options trading, with 92% of trades being bearish. The price target for RIVN is between $2.0 and $17.5. Analysts have mixed ratings, with a consensus target price of $13.4.

October 25, 2024 | 8:02 pm
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NEGATIVE IMPACT
Rivian Automotive is experiencing bearish sentiment from financial giants, with 92% of options trades being bearish. Analysts have mixed ratings, with a consensus target price of $13.4.
The article highlights a significant bearish sentiment from financial giants towards Rivian Automotive, as evidenced by the options trading data. With 92% of trades being bearish, this indicates a potential short-term negative impact on the stock price. Additionally, the mixed analyst ratings and a consensus target price of $13.4 suggest uncertainty in the market about Rivian's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100