Why Lucid Stock Skyrocketed Today
Lucid (NASDAQ: LCID) stock posted big gains in Wednesday's trading. The company's share price rose 6.3% in a session that saw the S 500 gain 0.5% and the Nasdaq Composite rise 1.2%. Lucid stock had been up as much as 11.8% earlier in the day.
After yesterday's big stock market sell-off driven by a hotter-than-expected inflation report, the market saw substantial rebound momentum today. In addition to getting a boost from bullish trading for the broader market, Lucid stock also got a boost from disclosures from institutional investors.
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Source Fool.com
