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Rivian hit by report of Ford stock sale as lockup period ends for early investors
On May 9, Rivian's stock price tumbled on a report that Ford was selling 8 million shares in the EV startup company.
The "lockup" period for Rivian’s early investors, including Ford Motor Co. and Amazon Inc., and company insiders, expired on May 8.
Ford sold the shares Monday for USD 214 million at USD 26.80 a share,....
The "lockup" period for Rivian’s early investors, including Ford Motor Co. and Amazon Inc., and company insiders, expired on May 8.
Ford sold the shares Monday for USD 214 million at USD 26.80 a share,....
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