Should You Buy Rivian Automotive Inc (RIVN) Stock After it Has Fallen 0.43% in a Week?

Wednesday, June 08, 2022 02:15 PM | InvestorsObserver Analysts

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Rivian Automotive Inc (RIVN) stock is lower by 0.43% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Rivian Automotive Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on RIVN!
See Full RIVN Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With RIVN Stock Today?

Rivian Automotive Inc (RIVN) stock is up 1.35% while the S&P 500 has fallen -0.95% as of 2:04 PM on Wednesday, Jun 8. RIVN has gained $0.40 from the previous closing price of $29.72 on volume of 9,609,810 shares. Over the past year the S&P 500 is lower by -11.31% while RIVN has fallen -70.10%. RIVN lost -$26.71 per share in the over the last 12 months.

More About Rivian Automotive Inc

Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. Click Here to get the full Stock Report for Rivian Automotive Inc stock.

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