Lucid Options Traders Expect More Upside After News Of Strategic Partnership With Aston Martin
Portfolio Pulse from Lisa Levin
Lucid Group (NASDAQ:LCID) shares rose after announcing a technology partnership with Aston Martin. The partnership involves integrating and supplying electric vehicle powertrain and battery systems, with contracts worth over $450 million. Lucid's stock traded more than 3x its average daily call volume on Monday.
June 27, 2023 | 12:29 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Lucid Group's stock rose after announcing a technology partnership with Aston Martin, with contracts worth over $450 million. The stock traded more than 3x its average daily call volume on Monday.
The partnership with Aston Martin is a significant development for Lucid Group, as it involves integrating and supplying electric vehicle powertrain and battery systems. The contracts are worth over $450 million, which is a substantial amount for the company. This news has led to increased trading activity and a rise in the stock price, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100