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Why Lucid Stock Dropped 5.5% Today

TheMotleyFool

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Rumors that Apple (NASDAQ: AAPL) might hire electric car start-up Lucid Group (NASDAQ: LCID) to build it an Apple-branded electric car sparked a rally in Lucid stock Friday. But you may recall that I warned you that this rumor seemed unsound, that Lucid stock would not in fact "skyrocket to new highs," as the author suggested -- and that in fact Lucid's "stock price bump will not last long."

Surprise, surprise. As of noon Tuesday, Lucid stock is down 5.5%, having given back all of Friday's gains and more.

Image source: Getty Images.

Source Fool.com

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