Can Lucid Stock Make a Strong Comeback?
- Date: 04-May-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Saudi Arabia
Can Lucid Stock Make a Strong Comeback?
It's been a volatile journey for Lucid Group (LCID) since the SPAC business combination was announced. A big surge above $60 in February 2021 was soon followed by a correction below the $20 level.
After some consolidation, Lucid stock surged again above $50, with the company announcing the commencement of vehicle deliveries. Investors, however, again resorted to profit booking, and the stock currently trades at around $20.
Can Lucid stock make a strong comeback?
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