Ford Owns Lots of Rivian Stock. Why Its Shares Are Slipping Anyway.

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Moves in shares of Ford Motor, compared with Rivian Automotive stock, are curious to say the least.

Ford (ticker: F) owns roughly 100 million shares of Rivian (RIVN). And Ford’s stake has been increasing in value as Rivian’s share price has exploded. Coming into Wednesday’s trading session, Rivian stock was up more than 120% since its initial public offering on Nov. 10.