Why Lucid Stock Jumped Again Today [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
After jumping more than 10%, Lucid shares held on to some of that gain, higher by 4.2% as of 11:55 a.m. ET. The stock has soared by nearly 60% in the past month. Some of that was due to the electric vehicle (EV) maker opening its order book for the new Gravity SUV. Today's move, though, looks to be more related to other news from the company and in the automotive sector. Merger mania Earlier this month, Lucid CEO Peter Rawlinson said he was considering partnering with a traditional automaker to help lower capital costs, according to Bloomberg. Rawlinson stated, "It would be lovely if we could supply technology to a traditional car company to help them on their way to sustainability, and perhaps we can leverage economies of scale with their parts bin and other aspects of the business." Now a major merger between Honda and Nissan is being discussed, and that has Lucid investors thinking Rawlinson's plan could be closer to reality. Honda and Nissan have begun talks to merge into
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News
- Should you invest $1,000 in Lucid Group right now? [Yahoo! Finance]Yahoo! Finance
- Should You Buy Lucid Stock While It's Trading Below $3? [Yahoo! Finance]Yahoo! Finance
- Three Reasons to Avoid LCID and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Lucid Group to Participate in the Nasdaq 51st Investor Conference [Yahoo! Finance]Yahoo! Finance
- Lucid Group to Participate in the Nasdaq 51st Investor ConferencePR Newswire
LCID
Earnings
- 11/7/24 - Beat
LCID
Sec Filings
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- LCID's page on the SEC website