Lucid Group, Inc. LCID shares are trading lower Thursday. The stock appears to be moving on continued downward momentum and has fallen nearly 12% over the last five days.
What To Know:
Shares of electric vehicle companies are being watched closely as the United Auto Workers (UAW) strike against the Big Three automakers, Ford Motor Company F, General Motors Company GM and Stellantis STLA continues.
Some analysts and investors believe that smaller, non-traditional automakers could benefit as the BIG Three face growing losses due to a lack of production, increased costs and delays in the transition to EV manufacturing.
Lucid Motors has captured the attention of retail investors and short-sellers alike. LCID is one of the top trending tickers on Yahoo! Finance and 17.41% of available shares are being sold short, according to data from Benzinga Pro.
Related News: What's Going On With Rivian Automotive Stock?
LCID Price Action: According to Benzinga Pro, Lucid Group shares are down 2.5% at $5.32 at the time of publication.
Image: Courtesy of Lucid Group, Inc.
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