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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.65 | -6.29% | 9.68 | 9.67 | 9.68 | 11.215 | 10.07 | 11.14 | 98,129,241 | 00:59:50 |
From May 2022 to May 2024
By Dean Seal
Shares of Rivian Automotive Inc. opened at $25 on Monday, having dropped to a 52-week low of $24.33 following reports that Ford Motor Co. would sell roughly 8% of its stake in the electric-truck maker.
CNBC's David Faber tweeted Saturday that Ford, an early Rivian investor, would unload 8 million of its 102 million shares at $26.90 apiece. JP Morgan is also selling between 13 million and 15 million of its shares at the same price, Faber said.
Rivian shares closed at $28.79 on Friday.
Last month, the California-based startup warned that the auto industry is about to face a shortage of battery supplies for electric vehicles. Rivian started offering its first electric truck and SUV models last fall and sold a total of 1,227 vehicles in the first quarter of this year.
Its shares are down 75% since the start of the year.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 09, 2022 10:00 ET (14:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Rivian Automotive Chart |
1 Month Rivian Automotive Chart |
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