Why Lucid Stock Is Moving
Portfolio Pulse from Henry Khederian
Lucid Group Inc (LCID) shares are trading higher by 6.96% to $7.68 amid overall market strength on debt ceiling talks. President Joe Biden will meet House Speaker Kevin McCarthy to discuss the debt ceiling and attempt to reach a deal as the June 1 government default deadline approaches.
May 22, 2023 | 7:48 pm
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Lucid Group's stock price is up 6.96% due to overall market strength on debt ceiling talks, as President Biden and House Speaker McCarthy discuss the debt ceiling ahead of the June 1 deadline.
The stock price of Lucid Group (LCID) is trading higher due to overall market strength on debt ceiling talks. The market is reacting positively to the news of President Biden and House Speaker McCarthy discussing the debt ceiling and attempting to reach a deal before the June 1 government default deadline. This news has a direct impact on LCID's stock price, as it is mentioned in the article and is trading higher as a result.
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