Rivian stock rises as U.S. recall hits nearly 20,000 serviced R1 vehicles
Rivian shares rose 1.2% to $20.30 Thursday after a recall of 19,641 serviced R1S and R1T vehicles over rear toe-link bolts. The company said it will replace bolts for free after one crash with minor injuries. Piper Sandler raised its price target to $20. Investors await Rivian’s Feb. 12 earnings for updates on margins and cash.