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Why Did Lucid Stock Jump 20% This Week?

TheMotleyFool

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Lucid Group (NASDAQ: LCID) announced Q2 electric vehicle (EV) production and deliveries, and missed expectations by a wide margin. That wasn't the big news from the company this week, though.

Lucid also now appears to have a turnaround plan in place, and that has investors hoping the stock has bottomed. Shares jumped 21% over the past five trading days, even as Lucid stock ended the week on a down note, according to data provided by S&P Global Market Intelligence.

Source Fool.com

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