The Latest Breaking News from Rivian Automotive

A whale with a lot of money to spend has taken a noticeably bearish stance on Rivian Automotive. Looking at options history for Rivian Automotive (NASDAQ:RIVN) we detected 38 strange trades.

Someone with a lot of money to spend has taken a bearish stance on Rivian Automotive (NASDAQ:RIVN). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Rivian Automotive's (NASDAQ:RIVN) short percent of float has risen 3.89% since its last report. The company recently reported that it has 51.71 million shares sold short, which is 10.95% of all regular shares that are available for trading.

Over the past 3 months, 21 analysts have published their opinion on Rivian Automotive (NASDAQ:RIVN) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.