Photo: Phillip Faraone / Getty Images
For: Klon Perez Updated 10 May 2022, 10: 11 am EDT
Rivian shares fell to an all-time low of $ 23 US dollars at the beginning of the second week of May 2022. According to the National Association of Securities Dealers Automated Quotation (Nasdaq), what happens is that the general market for technology stocks has been under a lot of pressure in the last hours.
The stock brokers assured that everything is due to that the suspension period for existing shareholders after the company’s official IPO in November expired last Sunday, May 8.
But in the last few hours, different experts in finance and in the field of motoring, claim that two of Rivian’s main shareholders, Ford and Amazon, would have separated from Rivian.
Different media reported that Ford may have sold Rivian shares instead of Amazon. Analyst George Gianarikas at investment bank Robert W. Baird predicted earlier this month that he wouldn’t be at all surprised if Ford stepped back from Rivian after the period of inactivity.
This could be because Ford is 100 % focused on their successful pick model -up F-54 Lightning which is already getting good results being the best seller. Rivian is building an electric van right now.
Lo It is true that at the moment neither Amazon nor Ford have commented on it.
Rivian officially went public last year 10 November 2021. It first represented the largest initial public offering in the US last year and the sixth largest in the nation’s history.
With all the intention of the different governments of the world to promote alternative transportation options, investors were willing to put money into this Electrical technology. However, in recent months Rivian has had serious problems maintaining its production due to growing failures in the supply chain.
After a week of going public, the Rivian stock soared to about $ 179 dollars reaching a value at times above the German brand Volkswagen. But already in December it was around $ 100 dollars, exceeding the $ mark 50 dollars in March.
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