Why Rivian Stock Skidded to a 4% Loss on Thursday

Two developments on Thursday combined to drive Rivian Automotive (RIVN 4.41%) to a notable stock market decline.The first piece of news was an analyst's downgrade, and the second was a relatively large-scale recall from a peer electric vehicle (EV) maker. When the smoke cleared from that trading session, Rivian's share price had eroded by more than 4%. By contrast, the benchmark S&P 500 index was down by just 0.2% at the close of trading.An analyst's downgrade and a rival's recallPiper Sandler's Alexander P ...