Group 1 - Rivian Automotive Inc. shares are trading lower in pre-market trading [1] - CEO RJ Scaringe sold over 17,450 shares at $15.1134 each, totaling over $263,728, following a previous sale of over 52,350 shares at $16.5966 each, bringing total sales in November to approximately $1.13 million [2] - Scaringe praised the rollback of the $7,500 Federal EV Credit by President Trump, stating it simplifies operations for Rivian and reduces competition [3] Group 2 - Rivian announced a new pay package for CEO Scaringe, potentially worth up to $4.6 billion over the next decade, linked to profit goals and stock price milestones [4] - According to Benzinga Edge Stock Rankings, Rivian scores well on Momentum and Growth metrics, with a favorable price trend in the short, medium, and long term [5] - Rivian's stock price slipped 1.72% to $16.57 in pre-market trading [5]
Why RIVN Stock Is Falling Today In Pre-Market Trading? - Rivian Automotive (NASDAQ:RIVN)