Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher Monday afternoon, driven by the board’s approval of a new 10-year compensation plan for CEO RJ Scaringe. The performance-based package is tied to ambitious stock price targets and profitability goals, signaling confidence in the company’s long-term strategy.
What To Know: Today’s rally builds on a volatile but fundamentally positive week for the EV maker. Last Tuesday, Rivian reported a strong third-quarter revenue beat of $1.56 billion, up 78% year-over-year, and achieved its first-ever consolidated gross profit of $24 million.
Alongside earnings, Rivian announced the spinoff of its industrial AI unit, Mind Robotics, which secured $110 million in external seed funding, with Rivian retaining a 40.6% minority interest.
Despite the positive operations, the stock faced a pullback late last week as analysts remain mixed, with JPMorgan reiterating an Underweight rating. Investors today appear focused on the company’s positive long-term operational momentum.
Benzinga Edge Rankings: A key statistic from the stock’s Benzinga Rankings shows strong Momentum (77.66), though it is balanced by a lower Growth score (32.31).
RIVN Price Action: Rivian Automotive shares were up 7.42% at $16.36 at the time of publication on Monday, according to Benzinga Pro data.
How To Buy RIVN Stock
By now, you’re likely curious about how to participate in the market for Rivian Automotive — be it to purchase shares or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Rivian Automotive, which is trading at $16.43 at some point on Monday, $100 would buy you 6.09 shares of stock.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way, it allows you to profit from the share price decline.
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