What's Going On With Lucid Group Stock?
Portfolio Pulse from Erica Kollmann
Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher, despite being down nearly 20% over the last month. The company is set to release its Q3 financial results on Nov. 7. Estimates suggest a loss of 35 cents per share and quarterly revenue of $183.841 million. LCID shares have become popular among retail investors and short-sellers, with 19.08% of available shares being sold short. The stock is gaining on above-average volume.
November 02, 2023 | 3:54 pm
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Lucid Group's stock is trading higher despite a recent downturn. The upcoming Q3 results and high interest from retail investors and short-sellers could influence the stock's performance.
The stock is trading higher despite a recent downturn, indicating investor optimism. The upcoming Q3 results could either boost or dampen this sentiment. Additionally, the high short interest indicates that many are betting on the stock's decline, which could lead to increased volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100