Rivian Automotive $RIVN Bullish Option Flow Detected, Soros Took Position

  • Post category:Analysts Activity
  • Reading time:4 mins read
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RIVN stock rose 11% on February 14, 2022, and bullish option flow was detected after it was revealed that George Soros took a long position in the company several months ago.

Bullish Option Flow

Rivn Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

Soros Fund buys Rivian

On February 11, 2022, George Soros’ Soros Fund Management disclosed in an SEC filing its holdings as of December 31, 2021. The fund’s 76 new buys during the fourth quarter included, by size of the position, Rivian (RIVN), Cerner (CERN), Warby Parker (WRBY), TransDigm (TDG), and Peloton (PTON). The fund’s top holdings as of December 31, in order of size, were Rivian, Liberty Broadband Corp. Class C, D.R. Horton (DHI), IHS Markit, and Amazon.

Rivian preferred over Lucid by 87% of surveyed investors, says Morgan Stanley

On February 3, 2022, noting that the current market caps of Rivian (RIVN) at approximately $60B and Lucid Group (LCID) at about $50B are “of a similar magnitude,” Morgan Stanley analyst Adam Jonas surveyed the firm’s clients about which they preferred to own right now and found that among the 46 responses he received that 87% of respondents selected Rivian. The market appears to be making the case that Lucid can scale its award-winning Air into new segments and far lower price points, but the stock is trading closer to its $40 bull case and his own “much more conservative expectations” drive his Underweight rating and $16 price target on Lucid shares. Jonas said he casts his own vote for Rivian, which ranks second after only his “Top Pick” Ferrari (RACE) in his U.S. Auto stock rankings. Rivian now offers 130% upside to his $147 price target, added Jonas, who keeps an Overweight rating on the shares.

📉 RIVN Stock Technical Analysis

Rivn Stock

The long-term trend is positive, and the short-term trend is negative. RIVN is one of the lesser performing stocks in the Automobiles industry. 100% of 30 stocks in the same industry do better. RIVN is currently trading in the lower part of its 52-week range, which is not a good signal considering that the S&P500 Index is trading in the middle of its 52-week range.

There is a support zone ranging from 62.83 to 64.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

RIVN has a bad technical rating, but it does show a decent setup pattern. RIVN stock has a Setup Rating of 5 out of 10. Prices have been consolidating lately. Large players volume has been rising over the last week which is very bullish. Click here to sign up for email alerts on when RIVN stock consolidates and has a Setup Rating of 8 or higher.

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