Lucid Gr Unusual Options Activity For July 17
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been observed in Lucid Group (NASDAQ:LCID), with a majority of the trades being puts. This suggests that large investors may have foreknowledge of upcoming events. The stock is currently down by 6.88% and has been downgraded by analysts.
July 17, 2024 | 4:46 pm
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Lucid Group has seen unusual options activity with a significant bearish sentiment. The stock is currently down by 6.88%, and analysts have downgraded it to Underweight with a price target of $4.
The unusual options activity, predominantly bearish, suggests that large investors expect the stock to decline. This is further supported by the recent analyst downgrades and the current drop in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100