Short sellers target Lucid stock
Portfolio Pulse from
Lucid Motors (NASDAQ: LCID) is facing increased short selling activity. Despite strong backing from Saudi Arabia's Public Investment Fund, the luxury EV maker's stock has been volatile since its IPO in 2021, struggling to maintain upward momentum.
January 15, 2025 | 2:30 pm
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Lucid Motors is experiencing increased short selling activity. The stock has been volatile since its IPO in 2021, struggling to maintain upward momentum despite backing from Saudi Arabia's PIF.
The article highlights increased short selling activity targeting Lucid Motors, indicating bearish sentiment. Despite strong financial backing, the stock's historical volatility and inability to sustain upward momentum suggest potential downward pressure in the short term.
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