Lucid Group Inc LCID shares are trading higher by 1.89% at $3.23 during Wednesday’s session, despite a lack of company-specific news for the session. The stock sold off following earnings last week. The company on Monday also said it is showcasing three new electric luxury vehicles at the Geneva International Motor Show from February 26 to March 3: the SUV Gravity, the Air Sapphire and the Rear-Wheel-Drive version of the Air Pure.
Lucid says these vehicles feature proprietary technology offering short charging times and long ranges. Lucid plans to expand its presence in Europe with additional retail spaces and service offerings, including more Lucid Studios and an expanded service network.
The company unveiled new models and services including the Lucid Air Pure RWD for efficiency, the luxury SUV Lucid Gravity, and the high-performance Lucid Air Sapphire. Additionally, buyers of the Lucid Air will receive a Wallbox charging station and maintenance service as part of their purchase.
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How To Buy LCID Stock
By now you're likely curious about how to participate in the market for Lucid – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Lucid, which is trading at $3.12 as of publishing time, $100 would buy you 32.05 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, LCID has a 52-week high of $9.18 and a 52-week low of $2.54.
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