On Wednesday, shares of Rivian Automotive Inc (RIVN) reached an oversold status, with a Relative Strength Index (RSI) of 29.8, indicating significant selling pressure. The stock traded as low as $11.57 per share. In contrast, the S&P 500 ETF (SPY) has an RSI of 63.4, reflecting a more bullish market condition.
Rivian’s 52-week trading range shows a low of $9.50 per share and a high of $17.15, with the last trade recorded at $11.64.
