What's Going On With Lucid Motors Stock?
Portfolio Pulse from Erica Kollmann
Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower, with a nearly 12% drop over the last five days. The United Auto Workers (UAW) strike against the Big Three automakers, Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Stellantis (NYSE:STLA) continues, which some believe could benefit smaller, non-traditional automakers like Lucid. LCID is one of the top trending tickers on Yahoo! Finance and 17.41% of available shares are being sold short.
September 21, 2023 | 3:04 pm
News sentiment analysis
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NEGATIVE IMPACT
The ongoing UAW strike against Ford could potentially lead to increased costs and production delays, negatively impacting the company's stock.
The ongoing UAW strike against Ford could potentially lead to increased costs and production delays. This could negatively impact the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 50
NEGATIVE IMPACT
The ongoing UAW strike against General Motors could potentially lead to increased costs and production delays, negatively impacting the company's stock.
The ongoing UAW strike against General Motors could potentially lead to increased costs and production delays. This could negatively impact the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 50
NEGATIVE IMPACT
Lucid Group shares are trading lower, with a nearly 12% drop over the last five days. The ongoing UAW strike against the Big Three could potentially benefit Lucid, as it may face less competition.
The ongoing UAW strike against the Big Three automakers could potentially benefit smaller, non-traditional automakers like Lucid, as they may face less competition. However, the stock is currently trading lower, which indicates a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The ongoing UAW strike against Stellantis could potentially lead to increased costs and production delays, negatively impacting the company's stock.
The ongoing UAW strike against Stellantis could potentially lead to increased costs and production delays. This could negatively impact the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 50