RIVN down 10%

[Sgt Beavis]

I didn't see any negative news on Rivian this week, anyone know why the stock is down 10% today?

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[MXA121]

Who knows. I just picked up a few more.

 

[SANZC02]

I didn't see any negative news on Rivian this week, anyone know why the stock is down 10% today?

I kind of gave up watching the Rivian stock prices, have not really been able to make any sense of it for a while. I figure I’ll just check it out once my 5 year window expires at the end of 2026.

 

[JimR1998]

Word hit the street, my 12V just went bad.

 

[greg_R1S_on_Order]

Maybe because Scaringe is selling?
SEC FORM 4 (fast-edgar.com)
archive.fast-edgar.com/20240912/AI2DHQ2CZ2222ZZZ252M2Z4Z5PSGZJE2Z262/

 

[DaveA]

Maybe because Scaringe is selling?
SEC FORM 4 (fast-edgar.com)
archive.fast-edgar.com/20240912/AI2DHQ2CZ2222ZZZ252M2Z4Z5PSGZJE2Z262/

Yeah, that's interesting....selling a lot lately.

 

[UnsungZero_OldTimeAdMan]

Yeah, that's interesting....selling a lot lately.

Not that it's anyone's business. Isn't he going through a divorce? Could be the reason.

 

[A Land Rover Forever]

this stock buster. Maybe he's friends with Musk

 

[SANZC02]

Maybe because Scaringe is selling?
SEC FORM 4 (fast-edgar.com)
archive.fast-edgar.com/20240912/AI2DHQ2CZ2222ZZZ252M2Z4Z5PSGZJE2Z262/

Could be but that is a simple options transaction scheduled 6 months ago and executed a week ago.

 

[Hereforthesnacks]

The stock has been in a tailspin for a year. I think it’s just more of the same. Until the Street thinks there is decent leadership, I expect more of the same.

 

[ThirteenElectrics]

Yeah, that's interesting....selling a lot lately.

It’s a very a bad look. Even with a divorce you can divide shares without selling. You’d only sell to buy someone out of a house and houses aren’t that expensive, relatively. His trading plan is a pessimistic one.

 

[Cascadian]

Is it that much anyway?
I don’t know what his compensation package is. How much has he realized out of the company over the years?

 

[mkg3]

It’s a very a bad look. Even with a divorce you can divide shares without selling. You’d only sell to buy someone out of a house and houses aren’t that expensive, relatively. His trading plan is a pessimistic one.

Most executives are on option sales schedule that they file with SEC well in advance.

Yes he can buy and hold but vast majority of execs use the RSU as a source of income.

 

[Tr4ckD4ys]

Looks like insider trading to me. I doubt it’s got to do with CEO selling stock. Someone had some institutional knowledge and some folks with a large position sold. Maybe over the next few days the news that caused this will come to light.

 

[ukyank]

Until the R2 comes out & (assuming) it starts selling very well there’s really no reason for the stock to do much of anything

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