XPost: talk.politics.guns, alt.autos.ford, alt.fan.rush-limbaugh   
   XPost: sac.politics   
   From: primates@shaw.ca   
      
   Ford Motor (NYSE:F) reportedly plans to dump 8M of its 102M-share stake in   
   Rivian Automotive (NASDAQ:RIVN) once the struggling EV maker's post-IPO   
   lockup period expires Sunday.   
      
   CNBC quoted unnamed sources Saturday as saying that the automaker intends   
   to sell the stock through Goldman Sachs at a time when RIVN's share price   
   has tanked since the firm staged a hot initial public offering last   
   November.   
      
   Rivian went public on Nov. 10 at $78 a share – valuing the firm at some   
   $66.5B – and shot up to as high as $179.47 intraday just a few sessions   
   later.   
      
   However, the stock has run out of juice since then, closing Friday at   
   $28.79 – down 6.3% for the session and 84% from its Nov. 16 post-IPO peak.   
   Friday's finish represented RIVN's lowest close since the firm went   
   public.   
      
   Meanwhile, CNBC cited unnamed sources as saying that another unnamed   
   investor has hired JPMorgan Chase to sell 13M to 15M of that party's RIVN   
   shares once the lockup period ends.   
      
   The network said both sales will likely carry a $26.90-a-share asking   
   price, or 6.6% below where Rivian (RIVN) closed on Friday.   
      
   https://seekingalpha.com/news/3834721-ford-and-other-unnamed-investor-to-   
   sell-up-to-23-million-rivian-shares   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)