Lucid Group Stock News and Forecast: LCID falls as stocks soar

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Lucid Group stock falls on Thursday after a hot CPI report. Other stocks all stage a massive u-turn, but Lucid stays behind. $LCID stock is down 68% YTD, 20% in past month by ivanbrian9 stocks trading

Other stocks all stage a massive u-turn, but Lucid stays behind.stock failed to take part in turnaround Thursday as the stock closed at $13.01 for a small loss of 0.6%. This was in sharp contrast to the huge reversal in the stock market after another hot CPI report. Indices were down 3% just after the 40-year high in core CPI. However, a swift rebuke took place as sentiment and positioning were already max bearish. This led to a huge covering and a squeeze.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Stocks surge as inflation soarsUS markets staged a dramatic turnaround on strong earnings to close sharply higher. The Dow surged 828 points, its biggest percentage gain of 2022. Beware. The higher one climbs, the further one falls. Wait! Just few minutes ago, Republicans were all mad at Biden cuz market was down.
Source: CNN - 🏆 4. / 95 Read more »

Houston's Marcus Sasser has unfinished business on courtThe senior guard put on hold a professional career, and his stock could soar if he and...
Source: HoustonChron - 🏆 609. / 51 Read more »