What's Going On With Lucid Group Stock?
Portfolio Pulse from Erica Kollmann
Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower, down more than 6% over the last five days. The stock has attracted attention from retail investors and short-sellers, with 16.51% of shares being sold short. Lucid is planning to expand into the Chinese market and introduce cheaper, mass-market electric vehicle models. RBC Capital analyst Tom Narayan initiated coverage on Lucid Group with a Sector Perform rating and a price target of $6.
September 08, 2023 | 4:44 pm
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Lucid Group's stock is down over the past week, but the company's plans to expand into China and introduce cheaper EV models could potentially boost its performance. RBC Capital's Sector Perform rating and $6 price target may also influence the stock's movement.
The stock is currently down, which is a negative sign. However, the company's expansion plans and new product introductions could potentially drive growth. The analyst rating and price target from RBC Capital could also influence investor sentiment and the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100