Is Rivian Stock A Buy Or A Sell As CEO RJ Scaringe Unloads 70,000 Shares?
Rivian Automotive is looking to challenge Tesla, Ford and General Motors with its adventure-styled electric vehicles. Chief Executive RJ Scaringe on June 10 sold 71,429 RIVN shares for a market value of $820,883.50, according to regulatory filings. Rivian stock jumped 3% to 11.87 on June 10, and is up 10.5% on the month as of June 12.