What's Going On With Lucid Group Stock?

Lucid Group, Inc. LCID shares are trading lower Monday. The stock is down more than 11% over the last five days and 22% over the last month. 

What To Know:

Lucid's EV competitor Tesla, Inc. TSLA is continuing to roll-out large price reductions on its EVs while Lucid said it would offer a single-motor, rear-wheel-drive version of its Air Pure sedan, with a starting price of $77,400.

Shares of LCID are attracting the attention of short-sellers and retail investors as the EV sector heats up. The stock currently listed among the top trending tickers on Yahoo! Finance and 17.47% of available shares are being sold short, according to data from Benzinga Pro.

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LCID Price Action: According to Benzinga Pro, Lucid Group shares are down more than 4% at $4.92 at the time of publication.

Image: Couresy of Lucid Group, Inc.