Rivian Stock Drops 18% Amid New Share Offering and Financial Concerns
On July 7, Rivian Automotive experienced its largest single-day stock decline in nearly two years after announcing a new common-stock offering. The move raised $1.2 billion but priced shares below market value, signaling concerns about the company's financial viability.
Tickers: $RIVN
Topics: capital raising electric vehicles (EVs) Rivian share dilution