10
Feb
14:56
Ford whittles Rivian holdings down to 1.15%
Ford has officially dumped the majority of its stock in start-up competitor Rivian after announcing a $7.4 billion write-down in its year-end earnings, Kallanish learns from documents filed with the US Securities and Exchange Commission.
Ford now holds just over 10.5 million shares in Rivian, worth about $197.44 million as of Friday’s price of $18.80/share. Rivian’s stock price was $129.95 in November 2021 following its initial public offering. F…
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Anonymous
Very good overview of the weekly steel market.
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