Rivian Automotive Inc. ($RIVN) Stock Forecast: Down 6.9% Today

What is Rivian Automotive Inc.?

Rivian Automotive (NASDAQ: RIVN) is an electric vehicle manufacturer well-known for its R1T and R1S models. Today, the stock saw a significant decrease in value due to various market factors.

Why is Rivian Automotive Inc. going down?

RIVN stock is down 6.9% on Dec 19, 2024 18:50

• Offering a trial subscription to SiriusXM Canada's audio entertainment service for its vehicles was seen as a positive step for customer engagement but did not impact market sentiment immediately.
• The YTD drop of 46% in RIVN shares is likely due to production challenges, cash flow issues, and uncertainties in regulations, leading to decreased investor confidence.
• The bearish stance of influential investors on Rivian options may have worsened the negative sentiment and added to the stock's downward trend.
• Despite a recent 6.68% rise in RIVN shares, triggered by a Buy rating and price target initiation by Benchmark analyst Mickey Legg, the overall market sentiment remained negative, overshadowing short-term positive movements.

RIVN Price Chart

RIVN Technical Analysis

RIVN News

Rivian owners receive three-month trial subscription to SiriusXM Canada's comprehensive audio entertainment offering - Rivian Automotive ( NASDAQ:RIVN )

TORONTO, Dec. 19, 2024 /CNW/ - Today SiriusXM Canada announced that electric vehicle manufacturer Rivian has launched SiriusXM's audio entertainment experience to all new and existing Rivian R1T and R1S models.

https://www.benzinga.com/pressreleases/24/12/n42596032/rivian-owners-receive-three-month-trial-subscription-to-siriusxm-canadas-comprehensive-audio-enter

RIVN Shares Plunge 46% YTD: How to Play the Stock for 2025?

Rivian faces production woes, cash burn and regulatory uncertainties. New investors should wait, while current shareholders may hold for long-term potential.

https://www.zacks.com/stock/news/2385658/rivn-shares-plunge-46-ytd-how-to-play-the-stock-for-2025

Market Whales and Their Recent Bets on RIVN Options - Rivian Automotive ( NASDAQ:RIVN )

High-rolling investors have positioned themselves bearish on Rivian Automotive RIVN, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data.

https://www.benzinga.com/insights/options/24/12/42560074/market-whales-and-their-recent-bets-on-rivn-options

This Electronic Arts Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday - Electronic Arts ( NASDAQ:EA ) , Fluor ( NYSE:FLR )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Stifel analyst Drew Crum downgraded the rating for Electronic Arts Inc.

https://www.benzinga.com/24/12/42554982/this-electronic-arts-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-wednesday

What's Going On With Rivian ( RIVN ) Stock? - Rivian Automotive ( NASDAQ:RIVN )

Rivian Automotive Inc RIVN shares are trading higher by 6.68% to $15.33 during Monday's session. The stock has gained some 11% since last Wednesday's session after Benchmark analyst Mickey Legg initiated coverage with a Buy rating and an $18 price target.

https://www.benzinga.com/news/24/12/42515720/whats-going-on-with-rivian-rivn-stock

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Rivian Automotive Inc. Price History

16.11.2024 - RIVN Stock was up 9.3%

• RIVN stock demonstrated a strong upward movement today, possibly due to Benchmark analyst Mickey Legg commencing coverage with a Buy rating and a set price target of $18.
• The favorable outlook from the analyst's coverage has resulted in a surge in RIVN stock price, reflecting the investors' confidence in the company's ability to capture a substantial market share.
• This optimistic trend suggests that investors have high hopes for Rivian's future in the EV sector, propelling the stock upwards despite recent fluctuations.

16.11.2024 - RIVN Stock was up 5.5%

• RIVN stock surged over 11% following a "buy" rating and an $18 price target initiation by an analyst.
• Analyst's positive outlook on Rivian's potential market share growth likely fueled the stock's upward momentum.
• Investor response to the analyst's endorsement boosted buying interest and lifted the stock price.
• The bullish movement reflects market confidence in Rivian's growth prospects within the EV industry's sustainable technology focus.

18.11.2024 - RIVN Stock was down 5.8%

• Rivian (RIVN) stock experienced a strong bearish movement today despite recent positive momentum.
• The downgrade of Electronic Arts by a top Wall Street analyst potentially impacted the market sentiment, resulting in a broader sell-off in tech stocks, including Rivian.
• Investors may be capitalizing on recent gains following a Buy rating and $18 price target set by Benchmark analyst Mickey Legg earlier in the week.
• Market volatility and changing analyst sentiments likely played a role in the bearish movement of Rivian's stock today.

18.11.2024 - RIVN Stock was down 5.1%

• High-rolling investors have taken a bearish stance on Rivian Automotive, as indicated by their positions in RIVN options. This could have contributed to the strong bearish movement in the stock today.
• Despite a recent Buy rating and price target of $18 from Benchmark analyst Mickey Legg, RIVN's stock price experienced a significant decline, showcasing the unpredictable nature of the market.
• The conflicting signals from analysts and market whales may have caused uncertainty among investors, leading to increased selling pressure on Rivian's stock.
• It's essential for retail traders to stay informed about such market dynamics and analyst opinions to make well-informed decisions in a volatile market environment like the one RIVN is currently experiencing.

02.11.2024 - RIVN Stock was down 5.2%

• Today's decline in RIVN's stock value could be linked to concerns raised by government officials, including Vivek Ramaswamy, about a loan provided by the Biden administration to the company, causing uncertainty among investors.
• Although well-funded investors are optimistic about Rivian Automotive in the options market, regulatory issues and potential legal disputes, pointed out by Elon Musk and Tesla Inc., may have influenced a shift in overall sentiment.
• Recent developments in the electric vehicle industry, such as Rivian's collaboration on powering upcoming Volkswagen EVs, may have impacted market dynamics, leading to a combination of positive and negative views among traders.
• Differing perspectives in the options market, with some investors being pessimistic about RIVN, could have intensified selling pressure, contributing to the stock's downward movement today.

06.11.2024 - RIVN Stock was up 5.1%

• Rivian's stock experienced a bullish movement today, possibly fueled by the high customer satisfaction levels revealed in a recent survey, indicating strong brand loyalty.
• The bullish options market dynamics also suggest that deep-pocketed investors are optimistic about Rivian's future growth prospects.
• Criticism of Rivian's loan by a prominent figure and the competitive landscape in the EV sector could have influenced market sentiment. However, Rivian's positive customer feedback and strategic partnerships, such as powering upcoming Volkswagen EVs, have likely overshadowed these concerns, contributing to the bullish movement.

10.11.2024 - RIVN Stock was down 6.5%

• Despite a temporary increase in Rivian's stock price following a positive analyst rating and a target of $18, the market sentiment shifted, leading to the bearish movement observed today.
• Although the EV sector, including companies like Tesla (TSLA) and Rivian, was viewed favorably for their EV charging prospects, this positivity did not reflect in Rivian's stock performance.
• Customer satisfaction and repeat purchase intentions for Rivian vehicles were high, yet external market forces likely influenced the stock's bearish trend.
• The EV industry's competitive nature, marked by developments from key players such as Tesla, Rivian, and Lucid Group, might have impacted the market's reaction to Rivian's stock movement.

19.11.2024 - RIVN Stock was down 5.5%

• Rivian's stock has decreased by 46% year-to-date, reflecting concerns about production issues and cash burn.
• Bearish positions on RIVN options have been taken by high-rolling investors, suggesting skepticism about the company's short-term outlook.
• Following an increase of 6.68% in stock price due to a Buy rating and $18 price target set by Benchmark analyst Mickey Legg, the overall trend remains bearish, evident in the significant YTD decline and investor sentiment towards RIVN.

19.11.2024 - RIVN Stock was down 6.9%

• Offering a trial subscription to SiriusXM Canada's audio entertainment service for its vehicles was seen as a positive step for customer engagement but did not impact market sentiment immediately.
• The YTD drop of 46% in RIVN shares is likely due to production challenges, cash flow issues, and uncertainties in regulations, leading to decreased investor confidence.
• The bearish stance of influential investors on Rivian options may have worsened the negative sentiment and added to the stock's downward trend.
• Despite a recent 6.68% rise in RIVN shares, triggered by a Buy rating and price target initiation by Benchmark analyst Mickey Legg, the overall market sentiment remained negative, overshadowing short-term positive movements.

11.11.2024 - RIVN Stock was down 6.0%

• Despite a Buy rating and a $18 price target from an analyst, Rivian's stock traded lower by 1.7%.
• EV charging stocks like TSLA, RIVN, BLNK, and CHPT saw a surge, reflecting interest in the EV sector, but this did not boost Rivian's stock.
• While Rivian customers are highly satisfied and loyal, this positivity may not outweigh broader market influences on the stock.
• The market sentiment towards EV stocks, including Rivian, appears mixed, with external factors impacting stock movements.

09.11.2024 - RIVN Stock was up 6.5%

• Today's rise in Rivian's stock price can be linked to a recent survey indicating strong customer satisfaction and loyalty towards the brand, showcasing its market strength and growth potential.
• Positive market sentiment within the EV sector, including discussions on increasing EV adoption and the prospects of companies such as Rivian, TSLA, and BLNK, may have also influenced Rivian's upward momentum.
• Initial criticism of Rivian by Vivek Ramaswamy regarding electric vehicle loans and comparisons with competitors like Tesla might have briefly caused market uncertainty. However, subsequent positive news and customer satisfaction survey results likely reassured investors and contributed to the stock's upward trend.

09.11.2024 - RIVN Stock was up 5.2%

• Rivian's stock experienced a significant bullish movement today, potentially driven by favorable developments related to the company.
• High customer satisfaction and loyalty towards Rivian's vehicles, as indicated by a recent survey, may have instilled confidence in investors regarding the company's future.
• The positive momentum in Rivian's stock was further supported by the optimistic stance taken by well-funded investors in the options market.
• Amidst challenges encountered by competitors like Tesla, the overall positive sentiment towards Rivian likely contributed to the stock's bullish performance.