Rivian Automotive (NASDAQ:RIVN) Stock Price Down 6.2% – Should You Sell?

Rivian Automotive, Inc. (NASDAQ:RIVN)’s share price was down 6.2% during mid-day trading on Wednesday . The stock traded as low as $14.65 and last traded at $14.76. Approximately 24,723,988 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 30,119,826 shares. The stock had previously closed at $15.73.

More Rivian Automotive News

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

• Positive Sentiment: Rivian began customer deliveries of its R2 SUV, a milestone that supports the company’s push into the mass market and has renewed investor optimism about future demand. Is Rivian Stock A Buy Now? Inside The R2 SUV Delivery Milestone And 2026 Guidance
• Positive Sentiment: Analysts and market commentary suggest the R2 launch could help challenge the view that U.S. consumers are “anti-EV,” since Rivian may now offer a more compelling and accessible vehicle choice. Rivian CEO Says Americans Aren’t Anti-EV, There’s Just ‘Few Great Choices’: How R2 Launch Could Help
• Neutral Sentiment: AT&T expanded its partnership with Rivian to provide 5G connectivity for the R2 platform, which supports the vehicle’s software-defined features but is not a major near-term financial catalyst on its own. AT&T (T) Expands Partnership With Rivian (RIVN) to Provide 5G Connectivity for R2 Platform
• Neutral Sentiment: Several analyst-focused pieces are highlighting Rivian’s valuation and the importance of the R2 launch, reinforcing that the stock is being driven by expectations around execution rather than immediate earnings results. Rivian (RIVN) Stock Valuation After R2 SUV Deliveries And Growing Profitability Concerns
• Negative Sentiment: Despite the R2 excitement, concerns remain about slowing revenue growth, profitability, and recent stock volatility, which could limit upside if deliveries or margins disappoint. Why Rivian Automotive (RIVN) Dipped More Than Broader Market Today

Analyst Ratings Changes

Several research analysts have recently issued reports on RIVN shares. Stifel Nicolaus upped their price objective on Rivian Automotive from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Rivian Automotive in a research note on Friday, May 1st. Leerink Partners reaffirmed an “outperform” rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft raised Rivian Automotive from a “hold” rating to a “buy” rating and upped their price objective for the company from $16.00 to $23.00 in a research note on Friday, February 13th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Rivian Automotive in a research note on Wednesday, June 3rd. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, Rivian Automotive currently has an average rating of “Hold” and an average target price of $18.57.

Rivian Automotive Price Performance

The company has a fifty day moving average of $15.51 and a 200 day moving average of $16.36. The firm has a market capitalization of $20.80 billion, a P/E ratio of -5.74 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.10 and a quick ratio of 1.64.

Insider Activity at Rivian Automotive

In related news, CFO Claire Mcdonough sold 8,023 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.00, for a total value of $128,368.00. Following the sale, the chief financial officer directly owned 887,007 shares in the company, valued at $14,192,112. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 34,818 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $522,270.00. Following the completion of 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 117,790 shares of company stock worth $1,832,466 over the last quarter. 1.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rivian Automotive

A number of institutional investors and hedge funds have recently modified their holdings of RIVN. Norges Bank bought a new position in shares of Rivian Automotive during the 4th quarter worth approximately $220,323,000. Renaissance Technologies LLC boosted its holdings in shares of Rivian Automotive by 32.4% during the 4th quarter. Renaissance Technologies LLC now owns 16,397,496 shares of the electric vehicle automaker’s stock worth $323,195,000 after buying an additional 4,012,386 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Rivian Automotive by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 81,673,512 shares of the electric vehicle automaker’s stock worth $1,198,967,000 after buying an additional 2,597,310 shares in the last quarter. Capital International Investors boosted its holdings in shares of Rivian Automotive by 13.2% during the 4th quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker’s stock worth $409,374,000 after buying an additional 2,418,717 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Rivian Automotive by 496.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,305,236 shares of the electric vehicle automaker’s stock worth $31,490,000 after buying an additional 1,918,852 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors.

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.