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Benzinga
Benzinga
Business
Craig Jones

Mike Khouw: Rivian Automotive Could See More Pain Ahead

Mike Khouw Rivian Automotive Rivian Nasdaq Rivian Automotive Inc RIVN

Shares of Rivian Automotive Inc (NASDAQ:RIVN) tumbled almost 21% on Monday in the stock’s worst trading day ever. The stock plummeted after Ford Motor Company (NYSE:F) announced plans to sell 8 million of its Rivian Automotive shares as the insider lockup expires on Sunday.

Rivian Automotive reports results on Wednesday and options traders see more pain ahead.

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