NEWS
Rivian Automotive Inc's made the decision to issue $1.5 billion worth of convertible green bonds.Here's a breakdown of what's happening:
Share Price Drop: Rivian's stock price plummeted by over 20% on the day of the announcement. It's the most significant daily percentage decline for the company's shares since May of the previous year.
Convertible Green...
Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company founded in 2009. Rivian is building an electric sport utility vehicle (SUV) and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies. An electric delivery van is also being built as part of a partnership with...
Honestly i think they are ugly but have seen 5 Rivns in my area the last few months. Pretty epic IHS pattern forming.... Been DCAing last 3 months...Adding here.
Test of 200 DMA seems to be in progress. What happens tomorrow could be vital.
If it can break above 16, can squeeze right up to 22 first and then 26.
Failure here again would send this to new low.
Alternate scenario is it keeps building inside the 200 and 60 DMA.
I took a start position today at 15. Will add or trim as PA reveals the trend.
Default target atm is the 618
Two possible timeframes depending on the momentum.
I think the '24 time target makes more sense
After it bottoms around ~11.6, and makes its first high, we'll get a better reading.
Rivian Recalls its Vehicles Due to Loose Fasteners improperly that could cause excess wheel tilt and a potential loss of steering control.
Buying a car from a new producer that doesn`t have experience in the market like the traditional ones, comes with a lot of risk involved, like the one mentioned above. I haven`t heard F Ford Motor Company, of which i`m bullish...
If you haven`t sold RIVN Rivian after the bad news:
Then looking at the RIVN Rivian Automotive options chain ahead of earnings, i would buy the $30 strike price Puts with
2023-6-16 expiration date for about
$6.60 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
