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0.00672645739910319 0.0134529147982064 -0.0101345291479819 -0.0179372197309415 -0.0134977578475336 -0.0291479820627802 -0.0426008968609864 -0.0448430493273541
Stock impact report

Why Lucid Stock Is Bucking the Market Trend Today [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
Shares of the luxury electric-vehicle (EV) maker jumped as much as 4.7%, even in the middle of all that red ink. As of 10:35 a.m. ET, Lucid stock was still holding onto a 3.1% gain. The gains came after one Wall Street analyst left a meeting with the company feeling good about its prospects. A new EV and CEO Benchmark analyst Mickey Legg met with Lucid management late last week and came away impressed, according to reports. The meeting led the analyst to reiterate his buy rating on Lucid stock, along with a $5 price target . That would imply a gain of more than 130% from Friday's closing price. Lucid surprised investors late last month when it announced that CEO and industry veteran Peter Rawlinson was stepping down from his role as Lucid's CEO. Chief Operating Officer Marc Winterhoff was named as the interim CEO In a new report released Friday, Legg wrote, "We spoke with [Lucid's] new interim CEO, Marc Winterhoff, and CFO, Taoufiq Boussaid, yesterday and came away confident Show less Read more
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