Why Lucid Stock Is Moving

Lucid Group Inc LCID shares are trading higher by 6.96% to $7.68 Monday afternoon. The stock is trading higher potentially amid overall market strength on debt ceiling talks.

What's Happening With The Debt Ceiling?

President Joe Biden will meet House Speaker Kevin McCarthy at 5:30 p.m. ET  Monday to discuss the debt ceiling and attempt to reach a deal as a June 1 goverment default deadline approaches. 

White House negotiators arrived at the Capitol early Monday, with CNN reporting they did not respond to a series of questions regarding the debt ceiling discussion.

Markets are anxiously awaiting evidence of a bipartisan compromise over the debt limit to prevent the catastrophic situation of the U.S. government running out of money in June...Read More

According to data from Benzinga Pro, LCID has a 52-week high of $21.78 and a 52-week low of $6.09.