Rivian's Stock Plunges Most Since 2024 on Planned Share Sale

Rivian's shares have plummeted 18%, marking their biggest daily decline since 2024, after the company announced plans to sell shares. The drop reflects investors' concerns about the share sale, which Rivian says is aimed at bolstering its finances. However, the move has led to a decline in the company's stock value. Rivian's shares have fallen 40% over the past 12 months, reflecting investors' doubts about the company's future growth prospects and financial health. With the planned share sale, Rivian aims to raise approximately $1 billion to strengthen its finances. However, the move has led to a decline in the company's stock value. The company's future growth prospects and financial health remain a concern for investors. 'Why Are Rivian's Shares Dropping?'