Lucid set to become penny stock as death cross solidifies downtrend
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Lucid (NASDAQ: LCID) is facing significant challenges as it approaches penny stock status, with a death cross indicating a solidified downtrend. This highlights the struggles of non-Tesla EV makers.
November 15, 2024 | 1:30 pm
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Lucid is nearing penny stock status, with a death cross indicating a solidified downtrend, reflecting broader challenges for non-Tesla EV makers.
The article highlights Lucid's financial struggles as it approaches penny stock status, with a technical indicator (death cross) confirming a downtrend. This suggests a negative short-term impact on its stock price.
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