Rivian Automotive (NASDAQ:RIVN) Shares Up 8.4% – Still a Buy?

Rivian Automotive, Inc. (NASDAQ:RIVN)’s stock price traded up 8.4% during mid-day trading on Thursday . The company traded as high as $19.79 and last traded at $18.63. 77,828,767 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 30,441,980 shares. The stock had previously closed at $17.18.

Rivian Automotive News Roundup

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

• Positive Sentiment: Rivian reported Q2 production of 12,613 vehicles and deliveries of 12,194, both ahead of expectations, and raised its 2026 delivery forecast to 65,000-70,000 vehicles from a lower prior range. Rivian Releases Q2 2026 Production and Delivery Figures, Raises Full Year Delivery Outlook and Sets Date for Second Quarter 2026 Financial Results
• Positive Sentiment: The company’s raised outlook was supported by strong demand for its R1 SUVs and electric delivery vans, plus early enthusiasm around the new R2 model, which investors see as a key growth driver. Reuters article
• Positive Sentiment: Shares also benefited from signs that Rivian beat its own quarterly guidance by a wide margin, reinforcing hopes that production and sales trends are improving heading into the second half of the year. Rivian Q2 2026 deliveries beat guidance, full-year outlook raised
• Neutral Sentiment: Rivian has also attracted unusual options activity, with elevated call buying suggesting traders are positioning for continued upside, though this is more of a sentiment signal than a direct fundamental catalyst.
• Neutral Sentiment: The stock’s recent move has been helped by broader interest in EV names and higher gasoline prices, which may improve consumer interest in electric vehicles. Barrons article
• Negative Sentiment: One recent analyst note kept a cautious tone, with Mizuho Securities reportedly assigning a sell rating, which may temper enthusiasm if execution disappoints.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen raised Rivian Automotive from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. TD Cowen reissued a “buy” rating and set a $20.00 price objective on shares of Rivian Automotive in a report on Wednesday, June 3rd. DA Davidson raised their price objective on shares of Rivian Automotive from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Leerink Partners reaffirmed an “outperform” rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $23.00 price target on shares of Rivian Automotive in a research note on Wednesday, June 10th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Rivian Automotive currently has a consensus rating of “Hold” and an average target price of $18.57.

Rivian Automotive Price Performance

The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $23.12 billion, a P/E ratio of -6.38 and a beta of 1.60. The company has a fifty day simple moving average of $15.60 and a two-hundred day simple moving average of $16.28.

Insider Activity at Rivian Automotive

In other Rivian Automotive news, CEO Robert J. Scaringe sold 34,818 shares of the firm’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 transaction, the chief executive officer directly owned 922,286 shares of the company’s stock, valued at approximately $13,834,290. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire Mcdonough sold 8,023 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the transaction, the chief financial officer directly owned 887,007 shares in the company, valued at approximately $14,192,112. The trade was a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 80,076 shares of company stock valued at $1,256,286. 1.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Core Wealth Advisors LLC bought a new position in shares of Rivian Automotive in the 4th quarter worth $27,000. SOA Wealth Advisors LLC. increased its holdings in Rivian Automotive by 894.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock valued at $31,000 after purchasing an additional 1,395 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Rivian Automotive in the fourth quarter valued at about $33,000. Glass Jacobson Investment Advisors llc increased its stake in shares of Rivian Automotive by 96.3% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock valued at $34,000 after acquiring an additional 852 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in Rivian Automotive by 113.6% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.

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.