Why Lucid Stock Dropped, Then Recovered Friday
Lucid Group (NASDAQ: LCID) 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.
Lucid stock sank as much as 8% this morning as investors digested two huge bits of news from yesterday. As of 11:50 a.m. ET, shares have recovered from that drop and remain near breakeven for the day.
Lucid's luxury Gravity SUV will be part of Uber's fleet of autonomous vehicles next year. Image source: Lucid Group.
Source Fool.com
