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SVTPerformance's Chain of Restaurants
Road Side Pub
Rivian's slow death has commenced
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<blockquote data-quote="Blk04L" data-source="post: 16770476" data-attributes="member: 48574"><p><a href="https://www.cnbc.com/2022/05/09/rivian-stock-plummets-as-ford-plans-to-sell-shares-of-ev-start-up.html" target="_blank">Rivian stock plummets as Ford unloads 8 million shares of EV start-up</a></p><p></p><p>Shares of <a href="https://www.cnbc.com/quotes/RIVN" target="_blank">Rivian Automotive</a> opened Monday at a new low following a CNBC report that Ford Motor <a href="https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html" target="_blank">is selling 8 million shares</a> of the electric vehicle start-up.</p><p></p><p>Rivian’s stock fell 13% to $25 a share, adding to significant losses for the year. Shares of the automaker were trading lower during early trading Monday after closing Friday below $30 for the first time since the company went public through its blockbuster IPO in November. The stock has fallen 72% this year.</p></blockquote><p></p>
[QUOTE="Blk04L, post: 16770476, member: 48574"] [URL="https://www.cnbc.com/2022/05/09/rivian-stock-plummets-as-ford-plans-to-sell-shares-of-ev-start-up.html"]Rivian stock plummets as Ford unloads 8 million shares of EV start-up[/URL] Shares of [URL='https://www.cnbc.com/quotes/RIVN']Rivian Automotive[/URL] opened Monday at a new low following a CNBC report that Ford Motor [URL='https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html']is selling 8 million shares[/URL] of the electric vehicle start-up. Rivian’s stock fell 13% to $25 a share, adding to significant losses for the year. Shares of the automaker were trading lower during early trading Monday after closing Friday below $30 for the first time since the company went public through its blockbuster IPO in November. The stock has fallen 72% this year. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Rivian's slow death has commenced
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