Spotlight on Lucid Gr: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Lucid Group (NASDAQ:LCID) has seen a surge in options activity, with a significant portion of investors adopting a bullish stance. The stock is currently trading at $2.85, down 13.11%, and is considered oversold. Analysts have set an average price target of $3.75, with recent downgrades to Neutral ratings.
October 17, 2024 | 1:47 pm
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Lucid Group has experienced a notable increase in options activity, with a majority of investors showing a bullish sentiment. The stock is currently down 13.11% at $2.85, and analysts have set an average price target of $3.75. Recent analyst ratings have been downgraded to Neutral.
The surge in options activity, particularly with a bullish sentiment, suggests potential upward movement in LCID's stock price. Despite the current price drop and Neutral analyst ratings, the average price target of $3.75 indicates optimism. The oversold RSI reading further supports a potential rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100