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flag Rivian's stock declines despite beating Q1 earnings expectations, as insiders sell shares.

flag Rivian Automotive's shares dropped to $12.81 on Wednesday after closing at $13.28 the previous day. flag Despite a Q1 EPS loss of $0.63, which beat analyst expectations, the company's stock has a consensus "Hold" rating with a price target of $14.38. flag Rivian's CEO and CFO have recently sold shares, and insiders have sold 185,427 shares over the last 90 days. flag The company aims to deliver between 46,000 and 51,000 EVs by 2025, despite a 42% drop in Q1 deliveries compared to the previous quarter.

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