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

Benzinga's options activity scanner has identified significant options activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Rivian (RIVN), NIO (NIO), Ford (F), Carvana (CVNA), Tapestry (TPR), Best Buy (BBY), Starbucks (SBUX), Crocs (CROX), and General Motors (GM). The options activity ranges from bullish to bearish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:35 pm

Major automakers including BMW, GM, Honda, Hyundai, Kia, Mercedes Benz, and Stellantis are planning to invest at least $1 billion in a joint venture to build thousands of EV chargers in the US. The group aims to add around 30,000 fast chargers in urban and highway areas over several years. The investment model mirrors Europe's Ionity charging company, formed in 2017 with funding from many of the same automakers. Some automakers, like GM, Mercedes, Ford, Nissan, and Rivian, have deals with Tesla for partial access to its Supercharger network.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 2:58 pm

Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher by 7.81% to $27.33 despite no company-specific news. The stock is trading higher amid overall market volatility ahead of the Fed's decision on interest rates. Higher interest rates could make borrowing more expensive for companies like Rivian, potentially impacting their growth plans and overall financial health. It could also reduce consumer spending, impacting Rivian's sales.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 2:52 pm

Rivian Automotive Inc (NASDAQ:RIVN) has launched a new apparel collection, In Case of Adventure, in collaboration with New York-based designer Greg Jackson. The collection includes a variety of items for both men and women, with prices ranging from $40 to $225. The gear shop also offers other products such as pet products, all-weather floor mats, a portable charger, a three-person tent, an off-road recovery kit, and a ski mount.

Portfolio Pulse from Anan Ashraf

July 26, 2023 | 7:42 am

The article reports on the options activity of 10 consumer discretionary stocks, including Tesla (TSLA), Rivian (RIVN), Peloton (PTON), Carvana (CVNA), Lowe's (LOW), PulteGroup (PHM), Lucid Group (LCID), Camping World Holdings (CWH), General Motors (GM), and Caesars Entertainment (CZR). The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, also known as 'whales'. The article provides detailed information on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each of the mentioned stocks.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 5:35 pm

BrightNight, Rivian, and The Nature Conservancy are partnering to transform the Starfire Coal Mine into Kentucky's largest renewable power project. Once complete, the BrightNight Starfire Renewable Energy Center will have an 800-MW capacity.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:53 pm

Rivian Automotive Inc (RIVN) shares are trading higher by 4.14% to $26.32 despite a lack of company-specific news. The rise is attributed to the overall positive sentiment in the EV sector following Tesla's (TSLA) better-than-expected Q2 earnings. Tesla's revenue rose 47% YoY to $24.93 billion, surpassing the consensus estimate of $24.48 billion. However, Tesla's gross margins fell from 25% YoY to 18.2%, which could raise concerns about the EV sector's profitability.

Portfolio Pulse from Henry Khederian

July 24, 2023 | 6:58 pm

Rivian Automotive has seen a significant option alert with Friday $25 calls sweep near the ask of 1000 @ $1.63 versus an open interest of 10601. The company's earnings are expected to be announced after close on 8/8. The reference price is $26.07.

Portfolio Pulse from Charles Gross

July 24, 2023 | 6:24 pm

Rivian Automotive has an option alert for October 20 $37.5 calls at the ask price of $1.25 for 400 shares, compared to an open interest of 1455. The company's earnings will be announced after close on August 8. The reference price is $26.09.

Portfolio Pulse from Charles Gross

July 24, 2023 | 6:22 pm

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