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

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

Shares of General Motors (GM) are trading over 2% higher ahead of the company's Q2 earnings report. Analysts expect earnings of $1.85 per share on revenues of $42.64 billion. Deutsche Bank and Citigroup are optimistic about GM's ability to beat expectations due to efficient pricing action and strong North American pricing. However, Deutsche Bank also noted potential price pressure risk into the second half of 2023 and 2024. Investors are also interested in updates on GM's all-electric Silverado pickup.

Portfolio Pulse from AJ Fabino

July 24, 2023 | 5:52 pm

The competition in the electric pickup market is heating up with Tesla's Cybertruck and Ford's F-150 leading the race. Worksport Ltd is planning to enhance its production capabilities with advanced automation and robotics to deliver its SOLIS solar truck tonneau covers by the end of the year. The company has committed to invest $1.5 million over the next 18 months in automation tools. Rivian Automotive's second quarter deliveries nearly tripled, with its shares rising more than 41% this month.

Portfolio Pulse from Upwallstreet

July 24, 2023 | 5:50 pm

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Rivian (RIVN), Goodyear Tire & Rubber (GT), General Motors (GM), DraftKings (DKNG), Royal Caribbean Cruises (RCL), American Axle & Manufacturing (AXL), Carvana (CVNA), Home Depot (HD), and TJX Companies (TJX). The options activity, which includes both call and put options, indicates varying market sentiments towards these stocks.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:35 pm

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