Fundrise Innovation Fund LLC's stock experienced a significant intraday plummet, dropping 13.04% on Tuesday.

The decline follows news that Alison Staloch, associated with the company, has proposed to sell 73,769 shares worth approximately $12.76 million. Additionally, over the past three months, TECH INFRASTRUCTURE REIT, LLC has executed three reductions in holdings, totaling 148,736 shares.

Such insider selling and holding reductions often signal reduced confidence to investors, potentially driving the stock's downward movement during the trading session.