Tiger Newspress2022-05-11
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.
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