Rivian Automotive ( (RIVN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rivian Automotive’s stock is on the rise due to a surge in bullish option activity, with calls trading at twice the expected volume and implied volatility climbing. This positive market sentiment is further fueled by anticipation of the company’s upcoming earnings report on November 6th, which investors are optimistic about.
More about Rivian Automotive
YTD Price Performance: 8.53%
Average Trading Volume: 41,073,439
Technical Sentiment Signal: Buy
Current Market Cap: $17.45B
For further insights into RIVN stock on TipRanks’ Stock Analysis page.
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