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In recent transactions disclosed by Rivian Automotive , Inc. (NASDAQ:RIVN), Chief Financial Officer Claire McDonough sold shares valued at approximately $97,758. The sales occurred on February 19, 2025, with shares sold at prices ranging from $14.2505 to $14.2652. According to InvestingPro data, the stock has shown significant momentum with a 15.7% return over the past week, though it currently trades near its Fair Value.
The transactions were part of a pre-established trading plan under Rule 10b5-1, which McDonough adopted in August 2024. Following these sales, McDonough retains ownership of 335,076 shares of Rivian’s Class A Common Stock. With the company’s earnings report due on February 20, 2025, investors can access comprehensive analysis and 12 additional real-time ProTips through InvestingPro.
Additionally, on February 15, 2025, McDonough had 9,968 shares withheld by the company to satisfy tax obligations related to the vesting of restricted stock units. These shares were valued at $14.03 each, totaling $139,851. The company maintains a strong liquidity position with a current ratio of 5.09, though it faces challenges with negative profit margins.
In other recent news, Rivian Automotive has secured a $6.6 billion loan from the U.S. Department of Energy to support the construction of a new manufacturing facility in Georgia. This facility is expected to create 7,500 jobs and expedite the production of Rivian’s upcoming R2 SUV and R3 crossover models. Rivian plans to begin construction in 2026, with the first vehicles anticipated to roll off the production line in 2028. Additionally, Rivian has expanded sales of its commercial van to all U.S. fleets following the end of an exclusivity period with Amazon (NASDAQ:AMZN). The van, already integrated into Amazon’s fleet, is available in two sizes and emphasizes safety and sustainability. In another development, President Donald Trump has ordered a review of EV policies, which could impact incentives and subsidies crucial for Rivian and the broader electric vehicle industry. This review could alter the regulatory landscape, affecting the industry’s growth trajectory. Despite these challenges, Rivian continues to advance its strategic initiatives in the electric vehicle market.
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