Streetbeat News

RIVN

Rivian Automotive, Inc.

Industry

Auto - Manufacturers

Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in San Jose, California.

Open

14.02

Mkt cap

15B

Volume

31M

High

14.41

P/E Ratio

-2.57

52-wk high

24.61

Low

13.75

Div yield

N/A

52-wk low

8.26

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:50 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like TSLA, GM, BYON, RIVN, NKE, CZR, JD, DECK, MBLY, and TJX. These activities can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 5:35 pm

JP Morgan analyst Ryan Brinkman maintains an Underweight rating on Rivian Automotive and lowers the price target from $14 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:48 pm

JPMorgan analysts have lowered their price target for Rivian Automotive Inc (NASDAQ:RIVN) from $14 to $12 due to concerns over demand and production disruptions. Rivian's recent delivery numbers showed a significant decline, and the company has reduced its annual production guidance. Despite this, Rivian maintains its 2024 delivery guidance, suggesting unchanged demand. The analysts warn that these trends could impact Rivian's growth stock multiple.

Portfolio Pulse from Adam Eckert

October 22, 2024 | 4:24 pm

Nvidia, Spirit Airlines, SAP, Trump Media & Technology, and Tesla were notable stocks on Monday. Nvidia hit a new high due to GPU demand, Spirit Airlines soared on debt refinancing, SAP had mixed results, Trump Media rose despite allegations, and Tesla declined after Musk dismissed a Rivian acquisition.

Portfolio Pulse from Benzinga Neuro

October 22, 2024 | 1:42 am

Elon Musk, CEO of Tesla, stated that Tesla will not acquire Rivian, an EV competitor, citing the difficulty of the car industry. Rivian faces financial challenges despite strong demand and a joint venture with Volkswagen. Musk predicts Rivian may face bankruptcy.

Portfolio Pulse from Chris Katje

October 21, 2024 | 2:52 pm

Rivian Automotive (NASDAQ:RIVN) is launching a Halloween-themed software update on October 18, featuring car costumes and spooky features for a limited time. The update includes a Knight Rider-inspired car costume and other pop culture-themed options.

Portfolio Pulse from Anan Ashraf

October 18, 2024 | 9:28 am

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.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:02 pm

Truist Securities has maintained a Hold rating on Rivian Automotive but lowered its price target from $16 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 2:43 pm

Barclays analyst Dan Levy has maintained an Equal-Weight rating on Rivian Automotive (NASDAQ:RIVN) but has lowered the price target from $16 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:36 pm

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