This is a story about a company called Rivian Automotive. Some people buy and sell parts of this company called options. Recently, more people have been selling parts of the company than buying. This means they think the company's value will go down. Some people think it's too much and the company is actually doing okay. They think it's a good company to buy parts of and make money from. The story talks about what some people are doing with these options and what some experts think about the company. Read from source...
"Looking At Rivian Automotive' s Recent Unusual Options Activity". The article falsely claims that investors have taken a bearish stance on Rivian Automotive, without providing evidence. Furthermore, the article relies on outdated and incomplete data, making it irrelevant. The author seems to have a personal vendetta against Rivian Automotive and should refrain from spreading misleading information.
Bullish. Although there is some bearish sentiment from whales with a lot of money to spend, the overall sentiment is bullish, with a majority of investors opening trades with bullish expectations. Additionally, the expected price movements suggest that major market movers are focusing on a price band between $12.5 and $35.0 for Rivian Automotive, spanning the last three months.
Rivian Automotive (RIVN) is an electric vehicle manufacturer with a unique product lineup that includes the R1T and R1S vehicles. Based on recent unusual options activity, there seems to be mixed sentiment among investors, with 38% of investors opening trades with bullish expectations and 45% with bearish expectations.
Major market movers appear to be focusing on a price band between $12.5 and $35.0 for RIVN over the last three months.
In terms of risks, Rivian Automotive has a current trading volume of 17,463,796 and the stock price is up by 0.14% at $17.52. The stock may be overbought according to current RSI values.
Additionally, analysts have varying opinions on the company's future. Canaccord Genuity has a Buy rating with a target price of $30, while Truist Securities has a Hold rating with a target price of $13. JP Morgan has an Underweight rating with a target price of $14.
Overall, investors should consider these factors when making investment decisions.
Risks: Mixed sentiment among investors, potential overbought stock, varying opinions among analysts.