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Why Lucid Stock Got Crushed in December

TheMotleyFool

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Sometimes what the market gives, the market takes away. At least that's how the last two months have gone for shares of Lucid Group (NASDAQ: LCID). Lucid stock got hammered in December, dropping 28.2% for the month, according to data provided by S&P Global Market Intelligence. But back up one more month and the return over the past two months is a less exciting 2.9% move higher.

November was a big month for both Lucid the stock and Lucid the company. But after that excitement wore off, investors took profits over the last four weeks. Lucid wasn't the only electric vehicle (EV) name to take a hit in the month of December.