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What's Going On With Lucid Group (LCID) Stock Wednesday?
Benzingaยท 2025-10-08 20:12
Core Insights - Lucid Group Inc reported a record delivery of 4,078 vehicles in Q3, a 46% year-over-year increase, while producing 3,891 vehicles during the same period [1][2] - The company has revised its full-year 2025 production forecast to 18,000 to 20,000 vehicles, down from a previous target of 20,000 due to supply constraints and unexpected challenges [2] - A significant deal with Uber to deploy over 20,000 Lucid Robotaxis is seen as a potential long-term growth catalyst [2] Financial Performance - Investors are awaiting the full third-quarter financial results, which are scheduled for release on November 5 [3] - The stock closed up 2.32% at $22.52, trading within a 52-week range of $15.25 to $36.40 [4] - The stock is above its 50-day moving average of $21.63, indicating short-term bullish momentum, but below the 100-day moving average of $22.89, suggesting potential resistance [4] Market Sentiment - The stock has a weak Momentum score of 10.34 according to Benzinga Edge rankings, despite a positive short-term price trend [3] - The recent 1-for-10 reverse stock split and cautious production outlook have tempered investor enthusiasm [2]