Why Lucid Group Stock Has Gained 38% in the Last Week -- and Is Up Again Today
Shares of electric vehicle start-up Lucid Group (NASDAQ: LCID) were trading higher on Tuesday, adding to its notable run-up even as rivals' stocks have slumped amid broad concerns about the potential collapse of a debt-laden Chinese property developer.
As of 10:30 a.m. EDT, Lucid's shares were up about 8.7% from Monday's close, and up about 38% since last Tuesday's close.
Auto investors are clearly excited about Lucid: The company's stock bucked the market's trend during Monday's broad sell-off, closing up 4.8% on a day when nearly all of its rivals were down sharply.
Source Fool.com
