Rivian stock drops 5% after CEO share-sale filing as year-end trading thins
Rivian shares fell 5.2% to $19.60 after a regulatory filing showed CEO R.J. Scaringe sold 17,450 shares on Dec. 23 under a preset trading plan. The stock was little changed after hours. Federal Reserve minutes released Tuesday highlighted divisions over the December rate cut, weighing on rate-sensitive stocks. Tesla and Lucid also closed lower.