Lucid’s $300 Million Uber Deal Sparks Stock Frenzy
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Shares of Lucid Group ( LCID 9.98%) are climbing on Tuesday. The luxury electric vehicle maker 's stock gained 10.4% as of 1:52 p.m. ET. The rise comes as the S&P 500 ( ^GSPC -0.09%) and Nasdaq Composite ( ^IXIC -0.04%) were relatively flat.
Lucid Group stock price jumped sharply on Tuesday after the company received a Guinness World Record. What next for LCID share price?
Lucid plans to begin production of its second model, a large luxury SUV called the Gravity, later this year. But that isn't why the stock surged on Monday.
Lucid has a lot of room to grow. It's a reasonable question, if you're interested in electric vehicles and investing in them: How much money would you have today if you'd plunked $10,000 into Lucid Group (NASDAQ: LCID) three years ago?
Lucid Stock Falls On Q4 Results, CEO Exit: Analysts See 'Surge In Demand' For Gravity SUV. ... Lucid stock is down 11.13% to $2.32 on Wednesday versus a 52-week trading range of $1.93 to $4.43.
Lucid Group ( LCID -2.08%) stock had its largest intraday gain ever yesterday. Shares of the luxury electric vehicle (EV) maker gained as much as 45% before closing about 36% higher in Thursday trading. But investors are rethinking that move today.