Rivian Automotive (RIVN) option implied volatility into Rivian recalls vehicles due possible loose fastener

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Go back to Rivian Automotive (RIVN) option implied volatility into Rivian recalls vehicles due possible loose fastener

Mizuho Securities Reiterates Buy Rating on Rivian (RIVN) Following Recalls; 'Headlines Worse than Reality'

October 10, 2022 12:34 PM EDT

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and $65.00 price target on Rivian Automotive Inc (NASDAQ: RIVN) following recalls.

The analyst commented, "We had the opportunity to catch-up with RIVN after the headline on the voluntary recall affecting all of its... More

Rivian (RIVN) Recalls 'Optically Negative but Financially Insignificant' - Needham & Company

October 10, 2022 12:19 PM EDT

Needham & Company analyst Vikram Bagri reiterated a Hold rating on Rivian Automotive Inc (NASDAQ: RIVN), calling the recalls "optically negative but financially insignificant."

The analyst commented, "

RIVN issued a recall affecting nearly all of its delivered vehicles, the third recall issued in the... More

Rivian (RIVN) Drops Following Big Recall

October 10, 2022 7:03 AM EDT

Shares of Rivian Automotive (NASDAQ: RIVN) dropped more than 6.5% in pre-market trading on Monday after the company announced that they would be recalling 13,000 vehicles. Rivians Chief Executive Officer RJ Scaringe wrote an email alerting staff on Friday that there would be a recall as the fastener to the front steering knuckle "may not have been sufficiently torqued" when the vehicles were manufactured.

"In rare circumstances, the fastener has loosened fully," Scaringe wrote. "I want to reiterate that this is... More