Investors are Bearish on These 5 Stocks Today

3. Rivian Automotive, Inc. (NASDAQ:RIVN) has crashed 13.69% as of 11:58 AM ET after the lockup period of the Irvine, California-based electric vehicle company came to an end today. It was revealed that Ford Motor Company (NYSE:F) will offload 8 million shares of the EV company following the expiry of the lockup period. The stock price of Rivian Automotive, Inc. (NASDAQ:RIVN) fell below the $30 level for the first time on Friday since going public in November last year. Moreover, it was shared that JPMorgan Chase also intends to offload a holding of 13 million to 15 million shares to an undisclosed seller. Rivian Automotive, Inc. (NASDAQ:RIVN) is expected to report its earnings after the closing bell on Wednesday.

Overall, 47 hedge funds held a stake in Rivian Automotive, Inc. (NASDAQ:RIVN) at the end of Q4 2021.