Why Lucid Stock Jumped, Then Dropped Today

The largest pension fund in the country recently bought more Lucid shares. Shares of luxury electric vehicle (EV) maker Lucid Group (LCID -3.11%) jumped as much as 6.7% to open the holiday-shortened trading week. That came after the largest public pension fund in the country released news on its Lucid holdings. But the pop in Lucid stock didn't hold. Shares of the EV start-up lost all of that gain and more. As of 12:15 p.m. ET, the stock had shed 3.1% in today's session. Calpers adds Lucid shares In its lat ...