Why short sellers are targeting Lucid stock

Lucid stock (NASDAQ: LCID) has been on a bumpy road ever since its 2021 initial public offering (IPO).President Trump’s newest salvo of tariffs, unveiled on April 2, caused a sharp correction in the price of LCID shares. To be precise, the price of Lucid stock dropped from $2.40 at the time of the announcement to $2.27 at press time on April 4. At present, LCID stock is down 25% on a year-to-date (YTD) basis.LCID stock price year-to-date (YTD) chart. Source: FinboldIn addition, the luxury carmaker’s shares ...