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0.00315581854043386 0.00315581854043386 0.00315581854043386 0 0.00907297830374755 0.0516765285996055 0.0473372781065088 0.0317554240631164
Stock impact report

Rivian CEO Bought Stock in the EV Start-Up. The Shares Are Rising. [MarketWatch]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: MarketWatch
The purchase, disclosed late Monday, seems to be helping shares Tuesday. Rivian Automotive (ticker: RIVN) stock is up about 3.8% in premarket trading. S&P 500 and Dow Jones Industrial Average futures are up about 1.8% and1.5%, respectively. The Tuesday jump gets investors back some of the [previous day's decline. Rivian stock dropped 6.9% in Monday trading. There were a few reasons for that fall. For starters, it was a tough day for tech. The Nasdaq Composite dropped 1.2%. And Tesla (TSLA) stock dropped 5.9%. Tesla trading can impact stock in other electric vehicle makers. The biggest reason was likely more selling by Rivian investor Ford Motor (F). Ford has sold 15 million shares since May 9 when the lockup prohibiting insiders from selling shares post-IPO expired. The Ford sale takes its ownership in Rivian below the 10% threshold. That means investors won't see more sales filed from the traditional auto maker. Investors will have to hear about Ford sales on the company's qua Show less Read more
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