Streetbeat News

LCID

Lucid Group, Inc.

https://www.lucidmotors.com

Industry

Auto - Manufacturers

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

Open

2.07

Mkt cap

6.3B

Volume

75M

High

2.12

P/E Ratio

-1.67

52-wk high

4.43

Low

2.03

Div yield

N/A

52-wk low

1.93

Lucid Group shares are trading higher by around 8% in pre-market trading after announcing a technology partnership with Aston Martin worth over $450 million. Other pre-market gainers include TRxADE HEALTH, Digital Media Solutions, and INVO Bioscience, while losers include Lulu's Fashion Lounge Holdings, Babylon Holdings, and SCWorx Corp.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 12:19 pm

US stocks are expected to start the week with a negative bias after major indices snapped multi-week winning streaks on Friday. Analyst Ryan Detrick advises not to worry, as weakness in the third week of June is historically normal. In premarket trading, SPY and QQQ ETFs slipped, while TSLA, AAPL, SPCE, and CCL stocks are in focus.

Portfolio Pulse from Shanthi Rexaline

June 26, 2023 | 10:06 am

Lucid Motors announced a technology partnership with Aston Martin to integrate and supply its electric vehicle powertrain and battery systems in contracts worth over $450M, causing Lucid shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 8:30 am

Lucid Group has entered into a definitive agreement to establish a long-term strategic technology partnership with Aston Martin, aiming to accelerate the British brand's high-performance electrification strategy and long-term growth.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 7:24 am

EV stocks moved down in the week ending on June 23, with Tesla Cybertruck sightings increasing and Rivian partnering with Tesla for charging. Nikola faced a fire incident, Ford received $9.2B DOE funding, and Fisker began US deliveries. Lordstown founder sold his entire stake, and Faraday Future delayed deliveries.

Portfolio Pulse from Shanthi Rexaline

June 24, 2023 | 2:13 pm

Benzinga reports whale activity in 10 consumer discretionary stocks, including TSLA, NIO, NWL, NKE, LCID, ABNB, MLCO, CROX, SONY, and NCLH. The article provides details on options activity, including put/call trades, sentiment, expiration dates, strike prices, and total trade prices.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 5:42 pm

Lucid Group shares are trading lower due to weakness in the electric vehicle (EV) sector, with no company-specific news reported.

Portfolio Pulse from Bill Haddad

June 23, 2023 | 3:52 pm

A video by Auto Trader shows Lucid Group's Air Grand Touring Performance defeating General Motors' Chevrolet Corvette C8 Z06 in a drag race at Willow Springs raceway. The Lucid vehicle has 1050 hp power and 1200 nm torque, compared to the Corvette's 670 hp and 624 nm. However, the Lucid car is priced higher at $179,000, while the Corvette starts at $105,300.

Portfolio Pulse from Anan Ashraf

June 23, 2023 | 9:05 am

Lucid Group shares are trading lower due to weakness in the electric vehicle (EV) stocks.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:33 pm

Major US EV manufacturers Tesla, Rivian, Lucid, and Polestar rank poorly in J.D. Power's Initial Quality Study 2023, which analyzes early ownership problems. Lucid Motors scored the worst with 340 problems per 100 vehicles (PP100), followed by Polestar (313 PP100), Rivian (282 PP100), and Tesla (257 PP100).

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:19 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.