Why Lucid Stock Is Sinking Today
Lucid Group (NASDAQ: LCID) stock is losing ground in Monday's trading. The electric vehicle (EV) specialist's share price was down 7.2% as of 2:45 p.m. ET amid the backdrop of a 0.5% gain for the S 500 index and a 0.7% gain for the Nasdaq Composite index.
The broader market is rallying again today, but the bullish momentum hasn't been enough to prevent sell-offs for Lucid stock. The company saw explosive valuation gains last week after it announced a partnership with Uber Technologies, but its stock is seeing a pullback as investors reassess the significance of the deal.
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Source Fool.com
Uber Technologies Inc Stock
€72.88
0.410%
The stock is one of the favorites of our community with 90 Buy predictions and 2 Sell predictions.
With a target price of 90 € there is a positive potential of 23.49% for Uber Technologies Inc compared to the current price of 72.88 €.
