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Share Name Share Symbol Market Type
Rivian Automotive Inc NASDAQ:RIVN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.23 -0.63% 36.53 36.51 36.75 4,753 10:22:52

Rivian Shares Dip Below IPO Price

06/01/2022 4:12pm

Dow Jones News


Rivian Automotive (NASDAQ:RIVN)
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From Oct 2021 to Oct 2022

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By Will Feuer

 

Shares of electric carmaker Rivian Automotive Inc. dipped briefly below their initial public offering price of $78 a share on Thursday, one day after major investor Amazon.com Inc. inked a deal with European carmaker Stellantis NV.

Rivian stock fell as much as 15% in morning trading Thursday, extending Wednesday's losses and notching a fresh 52-week low of $75.13, before paring the decline. They were last trading more than 9% lower at $81.55.

At the same time, Stellantis shares were 1.5% higher in morning trading.

On Wednesday, Stellantis said it signed a multiyear agreement to supply electric delivery vans to Amazon. Rivian also has a contract to make 100,000 vehicles for Amazon.

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

January 06, 2022 10:57 ET (15:57 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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