Rivian stock drops after news that Ford is selling its stock
New York: The stock of Rivian dropped 13% on Monday as early investors, including Ford, took advantage of the first opportunity to sell their shares. Rivian’s 180-day “lockup” period, which barred insiders and early investors from selling their shares, ended on Monday. Ford, which owns a 11.4 percent stake in Rivian, plans to sell 8 … Read more