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Rivian Automotive , Inc. (NASDAQ:RIVN) CEO Robert J. Scaringe recently executed a significant stock transaction. According to a recent SEC filing, Scaringe sold 71,429 shares of Rivian’s Class A common stock on March 24, 2025, at a price of $11.82 per share, amounting to a total sale of $844,290. This sale was part of a pre-established Rule 10b5-1 trading plan. The transaction comes as Rivian’s stock has shown notable volatility, with an 8.8% gain over the past week and currently trading at $12.1. InvestingPro data reveals the stock’s high Beta of 2.04, indicating significant price swings compared to the broader market.
Additionally, Scaringe exercised stock options to acquire 71,429 shares at a price of $2.6282 per share, with a total value of $187,729. Following these transactions, Scaringe now holds 853,011 shares directly. The stock option was fully vested as of February 14, 2023. With a current market capitalization of $13.98 billion and a strong liquidity position indicated by a Current Ratio of 4.7, Rivian maintains substantial financial flexibility. For deeper insights into insider trading patterns and comprehensive financial analysis, including 12 additional key metrics and ProTips, visit InvestingPro.
In other recent news, Rivian Automotive Inc has announced the creation of a new spin-off company, Also, Inc., focusing on micromobility solutions with an investment of $105 million from Eclipse Ventures. Rivian will maintain a minority stake in Also, which aims to launch its flagship product in the Fall of 2025. Additionally, Rivian’s strategic move to diversify its offerings comes as the company continues to focus on its core automotive business, including plans to launch the R2 midsize SUV in 2026. Analyst opinions on Rivian’s stock vary, with Truist Securities maintaining a Hold rating and Piper Sandler downgrading their rating to Neutral, citing challenges in identifying growth catalysts. Conversely, Benchmark has reaffirmed a Buy rating with an $18 price target, adjusting vehicle delivery forecasts due to seasonal and demand-related factors. Bernstein maintains an Underperform rating with a $6.10 target, expressing concerns over Rivian’s long-term scalability and financial targets. The mixed analyst ratings reflect differing perspectives on Rivian’s strategic initiatives and market position amid evolving industry dynamics.
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