Rivian Automotive (NASDAQ:RIVN) Shares Gap Down – What’s Next?

Rivian Automotive, Inc. (NASDAQ:RIVN) gapped down before the market opened on Tuesday . The stock had previously closed at $20.14, but opened at $17.67. Rivian Automotive shares last traded at $17.4130, with a volume of 19,299,983 shares.

Trending Headlines about Rivian Automotive

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

• Positive Sentiment: Rivian pre-announced second-quarter 2026 revenue of about $1.55 billion to $1.65 billion, topping Wall Street expectations and reinforcing that recent delivery momentum is translating into stronger sales. Rivian forecasts quarterly revenue above estimates
• Positive Sentiment: The company also lifted its 2026 delivery outlook after a stronger-than-expected second quarter, which had helped fuel recent gains in the stock. Rivian Stock in Focus on Q2 Delivery Beat, Raises Full-Year Outlook to 70,000 Vehicles
• Neutral Sentiment: Analysts at JPMorgan raised their price target after the delivery beat, but kept a Sell rating, suggesting the operational improvement is being recognized while valuation concerns remain. Rivian stock jumps as JPMorgan raises target after strong Q2 deliveries
• Negative Sentiment: Rivian announced an underwritten public offering of 75 million shares, with the possibility of another 11.25 million shares, which would dilute existing shareholders and has pressured the stock. Rivian Stock Gets Rocked After the Bell: Here’s Why
• Negative Sentiment: The company said the proceeds will be used to help pay off a government loan, but investors appear focused on the near-term cash raise and dilution rather than the long-term benefit. Rivian stock down on 75M share sale, pre-announces Q2 revenue

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RIVN shares. TD Cowen restated a “buy” rating and issued a $20.00 price objective on shares of Rivian Automotive in a report on Wednesday, June 3rd. DA Davidson boosted their target price on shares of Rivian Automotive from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Cantor Fitzgerald reissued a “neutral” rating on shares of Rivian Automotive in a report on Monday, June 15th. Leerink Partners reissued an “outperform” rating on shares of Rivian Automotive in a report on Thursday, March 12th. Finally, Tigress Financial restated a “buy” rating and issued a $25.00 price target on shares of Rivian Automotive in a research note on Friday, April 10th. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, Rivian Automotive has a consensus rating of “Hold” and a consensus price target of $18.57.

Rivian Automotive Stock Down 15.0%

The firm has a market cap of $21.25 billion, a PE ratio of -5.88 and a beta of 1.60. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.64 and a current ratio of 2.10. The firm’s 50-day moving average price is $15.71 and its two-hundred day moving average price is $16.29.

Insider Buying and Selling at Rivian Automotive

In related news, CFO Claire Mcdonough sold 8,023 shares of Rivian Automotive stock in a transaction 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 sale, the chief financial officer directly owned 887,007 shares in the company, valued at $14,192,112. This trade represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 34,818 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total transaction of $522,270.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,076 shares of company stock worth $1,256,286 over the last quarter. 1.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new position in Rivian Automotive during the 4th quarter worth approximately $27,000. SOA Wealth Advisors LLC. lifted its stake 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 buying an additional 1,395 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Rivian Automotive in the fourth quarter valued at approximately $33,000. Glass Jacobson Investment Advisors llc grew its position in shares of Rivian Automotive by 96.3% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock worth $34,000 after acquiring an additional 852 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Rivian Automotive by 113.6% during the second 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. Hedge funds and other institutional investors 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.