Locator: 45657INV.
I'm not following the market right now -- we've talked about this before. I do check WTI, obviously, and I do check selected ticker symbols, periodically, but that's about it.
After this week's Rivian (RIVN) volatility -- up 9%, down 9% -- I was curious what RIVN was doing today. Holy mackerel, didn't see this coming. Except for insiders, I doubt anyone did. Certainly not those who bought on Tuesday when RIVN was up 9%.
Screenshot:
Curious. What happened?
- tanks on convertible debt offering
- burning through cash -- confirmed
- will dilute equity for existing shareholders
If I remember, I will talk about this a bit more later, but now -- headed to soccer practice with Sophia.
Others:
- ARVL: down 5%, trading at $1.04.
- LCID: down 7%, trading at $5.16.
- Polestar (PSNYW): down 10%; trading at 38 cents.
- GOEV (Canoo): up 3%; trading at 44 cents;
- F: down a bit; trading below $12; my hunch --
- F folks re-thinking that 65-cent special dividend earlier this year;
- GM: down 2%; trading just north of $30.30.
The energy transition is dead, we just don't know it yet. -- Peter Zeihan.
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