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

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like TSLA, AMZN, BABA, PDD, RIVN, VFS, H, ETSY, ANF, and TXRH. These trades indicate varying market sentiments, with some bullish and others bearish.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 5:35 pm

Toyota has reduced its 2026 EV production target by 30% to 1 million cars due to weakening global demand. This reflects a broader trend of cooling enthusiasm in the EV sector, with other automakers like Ford and GM also scaling back their EV plans.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 8:44 am

Analysts have varied opinions on Rivian Automotive (NASDAQ:RIVN), with recent ratings showing a mix of bullish and bearish sentiments. The average 12-month price target has increased by 13.61% to $17.36. Despite revenue growth, Rivian faces challenges with profitability and debt management.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 8:00 pm

Wolfe Research analyst Emmanuel Rosner has assumed coverage of Rivian Automotive with a Peer Perform rating.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:14 pm

Rivian Automotive's short interest has decreased by 5.79%, with 16.61% of its float sold short. This is higher than its peers' average of 5.96%. It would take 4.06 days to cover these positions. A decrease in short interest can indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 2:30 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Rivian Automotive (NASDAQ:RIVN) and maintained a $19 price target.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:42 pm

Elon Musk questions Volkswagen's ability to fund a $5B investment in Rivian amid reports of potential factory closures in Germany. The joint venture aims to develop next-gen EV platforms, with Rivian planning to use the funds to ramp up production.

Portfolio Pulse from Anan Ashraf

September 03, 2024 | 10:35 am

Ross Gerber, a former Tesla bull, has become critical of the company due to Elon Musk's behavior and Tesla's performance. Gerber has reduced his stake in Tesla and set a six-month deadline for improvement. He sees Tesla as overvalued and is considering exiting his position if performance doesn't improve.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 5:01 am

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

Rivian Automotive has launched a new referral program in the U.S. to reward customers who refer new buyers, similar to Tesla's scheme. The program offers points and charging benefits to both referrers and new buyers.

Portfolio Pulse from Anan Ashraf

August 30, 2024 | 10:25 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.