Rivian Stock Fell 4% in Morning Trading.
Ford Motor Co sold 8 million shares of electric carmaker Rivian Automotive Inc for $214 million, or $26.80 a piece, the U.S. automaker said in a filing on Tuesday.
Ford now holds 93.9 million shares in the California-headquartered company.
Rivian's shares opened at a record low on Monday after the sale was reported by CNBC over the weekend.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments