What's Going On With Lucid Stock Thursday?
Portfolio Pulse from Ryan Gustafson
Lucid Group, Inc. (NASDAQ:LCID) shares have been volatile due to the upcoming second-quarter earnings report and the recent downgrade of the US credit rating. The company is expected to report a loss of 35 cents and revenue of $201.94 million. The downgrade has created a negative market sentiment, causing a selloff in the growth sector, including EV stocks like Lucid. However, Lucid's stock benefitted from the strength in the EV market last week.
August 04, 2023 | 2:25 pm
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Lucid Group's stock has been volatile due to the upcoming earnings report and the US credit rating downgrade. The negative market sentiment is causing a selloff in the growth sector, impacting EV stocks like Lucid.
The upcoming earnings report and the recent downgrade of the US credit rating have created uncertainty in the market, causing volatility in Lucid's stock. The negative sentiment in the market is causing a selloff in the growth sector, which includes EV stocks like Lucid. This could potentially impact Lucid's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100