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Why Lucid Group Stock Was Falling Today

TheMotleyFool

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In its first trading day since it executed a reverse stock split after hours on Friday, Lucid Group (NASDAQ: LCID) stock was heading lower today as investors seemed to absorb the reality of that move this morning. The broader sell-off in the market, which may be related to uncertainty around interest rate cuts later this month, also likely pushed the electric vehicle (EV) stock lower.

As of 10:11 a.m. ET, the stock was down 4.6%.

Image source: Lucid.

Source Fool.com

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