Rivian Automotive Inc ( RIVN ) shares are trading higher by 4.7% to $13.38 during Monday’s session amid ongoing strength in recent sessions. Rivian shares have gained some 25% over the trailing five sessions, rebounding following the company’s recent earnings report.

Traders and investors anticipating Tuesday’s Consumer Price Index (CPI) report may also be contributing to Rivian’s volatility. The CPI report provides crucial information about inflation, which is a key factor influencing the Federal Reserve’s monetary policy decisions. If the CPI report indicates higher-than-expected inflation, it could raise concerns about the Fed tightening monetary policy by raising interest rates to combat inflation.

Higher interest rates can negatively impact stocks like Rivian by increasing borrowing costs and reducing consumer spending. The anticipation and reaction to the CPI report, as well as any signals from the Fed regarding its rate decision, can lead to significant fluctuations in stock prices, including Rivian’s.

Additionally, UBS analyst Joseph Spak on Monday maintained Rivian with a Sell and raised the price target from $8 to $9.

Is RIVN A Good Stock To Buy?

Wall Street analysts view Rivian Automotive ( RIVN ) on the whole as a Neutral, given the history of coverage over the past three months. Joseph Spak from UBS in Rivian Automotive ( RIVN ) is the most bearish, expecting a 66.67% fall in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Rivian Automotive ( RIVN ) fell 26.63%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 98.34% over the past year.

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RIVN has a 52-week high of $28.06 and a 52-week low of $10.05.