What's Going On With Lucid Group Stock?
Portfolio Pulse from Erica Kollmann
Lucid Group, Inc. (NASDAQ:LCID) shares are trading more than 3% higher on Wednesday and have gained more than 12% over the last month. Bank of America Securities analyst John Murphy reinstated Lucid Group with a Neutral rating and announced a price target of $8 for LCID. Lucid Group will release its second quarter 2023 financial reports on Aug. 7.
July 19, 2023 | 4:36 pm
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Lucid Group's stock is trading higher, with a gain of over 12% in the last month. The company has been reinstated with a Neutral rating by Bank of America Securities, with a price target of $8. The company's Q2 2023 financial reports will be released on Aug. 7.
The stock is trading higher due to positive market sentiment and the reinstatement of a Neutral rating by Bank of America Securities. The upcoming release of Q2 2023 financial reports could also be influencing the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100