Rivian stock drops nearly 6% as CEO share-sale filing hits the tape in thin year-end trade
Rivian shares fell about 6% to $19.45 by early afternoon Tuesday after a regulatory filing showed CEO R.J. Scaringe sold 17,450 shares on Dec. 23 under a pre-arranged plan. The drop came amid thin year-end trading, with investors awaiting Federal Reserve minutes and Tesla’s delivery report later this week.