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Lucid Stock Has Been Soaring This Week. Will It Keep Going?
Lucid Lucid (US:LCID) The Motley Foolยท2024-02-02 15:29

Lucid Group's (LCID -5.85%) electric vehicle (EV) sales may be struggling, but its stock took off like a rocket this week. Shares soared close to 40% -- and without any major news. As of Friday morning trading, the stock was still 24% above where it closed last week, according to data provided by S&P Global Market Intelligence.Yet Lucid shares are still down by more than 70% over the last year. And that's part of what likely caused investors to drive them higher this week.Lucid stock followed Lucid's result ...