Rivian Shares Plunge 20% On Ford's Lockup Expiration
RIVN•RIVN•RIVN•RIVN•Rivian shares fell about 20% in a single session after Ford disclosed plans to sell its stake at the IPO's 180-day lockup expiration. Speculative stocks often face steep declines at lockup expirations, as seen in Palantir's 13% drop, Uber's 40% plunge and Snowflake's 11% decline.
When Ford disclosed it would sell its entire stake at Rivian's 180-day lockup expiration, the announcement coincided with a roughly 20% drop in Rivian shares during a single trading session, reflecting significant profit-taking by early investors.
Historical patterns show that high-momentum IPOs often suffer sharp sell-offs when insiders’ lockups expire: Palantir fell 13% on its expiration, Uber plunged 40% at its 180-day mark, and Snowflake declined about 11% over its final expiration week.
