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Why Lucid Stock Jumped Again Today

TheMotleyFool

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Why Lucid Stock Jumped Again TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D

Shares of Lucid Group (NASDAQ: LCID) have been flying higher in recent weeks. That move continued in today's holiday-shortened trading session. After jumping more than 10%, Lucid shares held on to some of that gain, higher by 4.2% as of 11:55 a.m. ET.

The stock has soared by nearly 60% in the past month. Some of that was due to the electric vehicle (EV) maker opening its order book for the new Gravity SUV. Today's move, though, looks to be more related to other news from the company and in the automotive sector.

Source Fool.com