Advertisement
Australia markets closed
  • ALL ORDS

    8,012.10
    +1.60 (+0.02%)
     
  • AUD/USD

    0.6669
    -0.0004 (-0.06%)
     
  • ASX 200

    7,769.40
    -0.30 (-0.00%)
     
  • OIL

    81.70
    +0.13 (+0.16%)
     
  • GOLD

    2,354.10
    +7.20 (+0.31%)
     
  • Bitcoin AUD

    99,197.14
    +1,530.94 (+1.57%)
     
  • CMC Crypto 200

    1,377.15
    -5.52 (-0.40%)
     

Is Rivian Stock A Buy Or A Sell As CEO RJ Scaringe Unloads 70,000 Shares?

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.