Stock Traders Purchase High Volume of Call Options on Rivian Automotive (NASDAQ:RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) saw some unusual options trading on Thursday. Stock investors bought 199,026 call options on the company. This represents an increase of 57% compared to the typical volume of 126,752 call options.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RIVN. Cantor Fitzgerald restated a “neutral” rating on shares of Rivian Automotive in a research note on Monday, June 15th. Needham & Company LLC reiterated a “buy” rating and issued a $23.00 target price on shares of Rivian Automotive in a research note on Wednesday, June 10th. Bank of America started coverage on shares of Rivian Automotive in a report on Wednesday, March 4th. They set an “underperform” rating and a $14.00 price target for the company. Leerink Partners restated an “outperform” rating on shares of Rivian Automotive in a research report on Thursday, March 12th. Finally, Weiss Ratings cut shares of Rivian Automotive from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 18th. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.57.

Key Rivian Automotive News

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Rivian said it produced 12,613 vehicles and delivered 12,194 in Q2, beating both its own guidance and Wall Street expectations, which points to stronger-than-expected execution. Business Wire release
• Positive Sentiment: The company raised its 2026 delivery forecast to 65,000 to 70,000 vehicles, suggesting management sees sustained demand for its electric delivery vans, R1 SUVs and pickups, plus an early boost from the new R2. Reuters article
• Positive Sentiment: Some reports also noted that higher gas prices may be improving EV demand, which could support Rivian’s near-term sales momentum. Barron’s article
• Neutral Sentiment: Rivian’s shares also benefited from broader visibility after being added to multiple Russell growth indexes, which can increase ownership by index funds, though this is more of a structural tailwind than a direct operating catalyst. Yahoo Finance article
• Negative Sentiment: A Mizuho downgrade to Sell is a reminder that not all analysts are convinced the stock’s rally is sustainable, especially given Rivian’s ongoing profitability challenges. Mizuho downgrade report

Rivian Automotive Stock Performance

Shares of NASDAQ RIVN traded up $1.44 during midday trading on Thursday, hitting $18.62. 47,766,520 shares of the company’s stock were exchanged, compared to its average volume of 30,182,371. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.10 and a quick ratio of 1.64. The stock’s 50 day moving average price is $15.60 and its 200-day moving average price is $16.28. The firm has a market cap of $23.11 billion, a P/E ratio of -6.39 and a beta of 1.60. Rivian Automotive has a twelve month low of $11.57 and a twelve month high of $22.69.

Insider Buying and Selling

In other news, CFO Claire Mcdonough sold 10,245 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $18.00, for a total transaction of $184,410.00. Following the completion of the transaction, the chief financial officer directly owned 946,814 shares of the company’s stock, valued at approximately $17,042,652. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 34,818 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total value of $522,270.00. Following the sale, the chief executive officer owned 922,286 shares in the company, valued at $13,834,290. The trade was a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 80,076 shares of company stock valued at $1,256,286. 1.48% of the stock is currently owned by insiders.

Institutional Trading of Rivian Automotive

Several hedge funds have recently added to or reduced their stakes in the business. Core Wealth Advisors LLC acquired a new position in Rivian Automotive during the 4th quarter worth $27,000. SOA Wealth Advisors LLC. increased its holdings in shares of Rivian Automotive by 894.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock valued at $31,000 after purchasing an additional 1,395 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Rivian Automotive during the fourth quarter valued at $33,000. Glass Jacobson Investment Advisors llc raised its stake in shares of Rivian Automotive by 96.3% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock valued at $34,000 after purchasing an additional 852 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Rivian Automotive by 113.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 66.25% of the company’s stock.

Rivian Automotive Company Profile

Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.

Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.