Lucid stock crashes 20% in a week: Should you buy the dip now?
Lucid (LCID) Finbold·2024-10-21 09:48
Lucid Motors (NASDAQ: LCID) has had a rough week, with shares closing at $2.63 on Friday, down -0.060 (2.23%) for the day and -22.19% over the past five trading sessions. The luxury electric vehicle (EV) maker, which currently holds a market cap of $7.6 billion, is trading near the lower end of its 52-week range. With the S&P 500 nearing all-time highs, Lucid’s sharp decline stands in stark contrast, leaving investors wondering whether this is a buying opportunity or a signal to stay on the sidelines.In the ...