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

9.95

Mkt cap

10B

Volume

51M

High

10.24

P/E Ratio

-1.84

52-wk high

24.61

Low

9.81

Div yield

N/A

52-wk low

8.26

Rivian Automotive Inc (NASDAQ:RIVN) saw a 2.25% increase in its stock price following the Federal Reserve's unexpected interest rate cut. The rate cut is expected to lower Rivian's borrowing costs, aiding its expansion and production efforts. Additionally, lower interest rates may boost consumer demand for Rivian's electric vehicles.

Portfolio Pulse from Henry Khederian

September 19, 2024 | 7:21 pm

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:28 pm

Rivian Automotive has launched a pre-owned vehicle section on its online store, offering used R1T and R1S models at lower prices than new ones. This move could attract cost-conscious buyers and increase Rivian's market reach.

Portfolio Pulse from Anan Ashraf

September 19, 2024 | 12:34 pm

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.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 8:00 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Rivian Automotive, maintaining a $19 price target.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:47 pm

The EV market saw significant developments this week. Tesla's sales in China are recovering, Lucid unveiled a midrange EV, Ford plans to restart EV production in India, Canoo withdrew its guidance, and VinFast is under regulatory scrutiny. The KraneShares EV ETF gained 4.47% for the week.

Portfolio Pulse from Shanthi Rexaline

September 14, 2024 | 4:00 pm

Sarah O'Brien, former Chief Communications Officer at Rivian Automotive, has joined Jony Ive's creative collective, LoveFrom. Her departure adds to the list of senior executives leaving Rivian, following Tim Fallon's move to Stellantis.

Portfolio Pulse from Anan Ashraf

September 12, 2024 | 12:48 pm

Jim Cramer recommends buying PayPal due to its expanded partnership with Shopify. He advises patience with Rivian, despite its financial stability. Cramer is cautious about CVS Health and sees potential in Energy Transfer and The Home Depot. Palantir is noted for its S&P 500 inclusion.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 12:41 pm

Lucid Group's CEO, Peter Rawlinson, announced that the company is not ready to produce an electric pickup truck to compete with Tesla's Cybertruck, citing challenges in making them cost-effective and with sufficient range. Instead, Lucid is focusing on its upcoming Gravity SUV and a future low-cost SUV crossover to compete in the EV market.

Portfolio Pulse from Chris Katje

September 11, 2024 | 3:48 pm

Deutsche Bank analyst Edison Yu has reinstated a Hold rating on Rivian Automotive (NASDAQ:RIVN) and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:22 pm

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