Ford Offloads More Rivian Automotive Stock After Lockup Ends

(Bloomberg) — Ford Motor Co. sold more shares of Rivian Automotive Inc. Friday, offloading more than $400 million worth of stock in the electric car maker since the end of a lockup this week.

Most Read from Bloomberg

The US automotive giant sold 7 million shares of Rivian stock at $26.88 each on Friday, according to a filing, cutting its stake in the company to nearly 87 million shares. The transaction follows the sale of 8 million Rivian shares at $26.80 apiece Monday, after selling…

Read More