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Rivian's stock declines despite beating Q1 earnings expectations, as insiders sell shares.
Rivian Automotive's shares dropped to $12.81 on Wednesday after closing at $13.28 the previous day.
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.
Rivian's CEO and CFO have recently sold shares, and insiders have sold 185,427 shares over the last 90 days.
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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Las acciones de Rivian disminuyen a pesar de superar las expectativas de ganancias del Q1, ya que los interesados venden acciones.