Ford sells more shares of EV maker Rivian

Ford sells more shares of EV maker Rivian

Ford sells more shares of EV maker Rivian The sale reduces the shares Ford holds to 86.9 million Ford Motor has trimmed its stake in the electric carmaker Rivian Automotive for the second time in a week. Ford sold 7 million shares for about $188.2 million, or $26.88 apiece, according to a regulatory filing on Friday. GET FOX BUSINESS ON THE GO BY CLICKING HERE The sale reduces the shares Ford holds to 86.9 million. On Tuesday, Ford had sold about 8 million shares of Rivian worth $214 million. Initial investors in Rivian's initial public offering were able to sell shares this week as the IPO lockup period expired. FORD EXPECTED TO UNLOAD PART OF RIVIAN STAKE: REPORT Rivian went public on Nov. 10 at $78 a share. Shares even …
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