Why Lucid Shares Are Down Today
Shares of electric vehicle maker Lucid Group (NASDAQ: LCID) are ending the week on a down note today. As of 2:27 p.m. ET, Lucid stock was trading down 4.3% on the day at $21.10 per share.
Today's drop parallels a decline in the tech-heavy Nasdaq Composite Index. That index was down almost 1.4% at the time of writing. The move aligning with the general sector likely explains today's drop more than anything. The only recent company-specific news was actually something that investors would normally cheer.
Lucid Air Grand Touring Performance model. Image source: Lucid Group.
Source Fool.com
