RIVN is trading 4.2% down at $15.80 as investors continue to react to the company's surprise $1.5 billion equity offering and associated dilution concerns.
- The stock remains under pressure following the announcement of a 75 million share sale tied to its preliminary Q2 update.
- Today’s weakness suggests ongoing market repricing around offering terms and capital requirements, despite Rivian reporting solid revenue growth and a strengthened cash position.