why is lcid stock down today

by Anjali Dooley Published 3 years ago Updated 2 years ago

LCID stock is positioned to fall today when the opening bell rings. The double whammy of an SEC investigation and large debt offering in the same week are pushing the company’s share price down sharply. How deep the rout goes is not yet known.

Full Answer

Is LCID stock headed to new lows?

Dec 28, 2021 · The stock of highly followed electric vehicle maker Lucid Group ( LCID -13.10%) has been in decline over the last week, even without any specific news from the company. That trend continued today ...

Does Howard Smith own lucid Group Inc (Lucid)?

May 13, 2022 · It had been a really rough month for Lucid Group ( LCID 14.66%) shareholders going into today's trading session. The stock was down more than 30% over the last month, but today's market jump put a ...

Will lucid meet its 12k-14k production target?

Apr 14, 2022 · Shares of electric vehicle maker Lucid Group (NASDAQ: LCID) are ending the week on a down note today. As of 2:27 p.m. ET, Lucid stock was trading down 4.3% on the day at $21.10 per share. So what ...

Why did LCID stock drop today?

Shares are falling in after-hours trading because production isn't ramping up fast enough for investors. Lucid (ticker: LCID) stock rose 10% in Monday's regular session. That was a good day for shares considering that the S&P 500 and Dow Jones Industrial Average fell about 0.2% and 0.5%, respectively.Feb 28, 2022

Why is LCID down?

LCID stock started the decline at the beginning of March when the company reported delivery of only 125 Dream Edition Cars in 2021. Investors were looking for a bigger number and this pushed the stock into a downward spree.Apr 7, 2022

Is LCID stock a buy?

Lucid Motors stock is a promising long-term EV stock that started deliveries of its first electric vehicle in late Oct. 2021. Shares of Lucid Motors are more than 60% off their 52-week high and not at a proper buy point, so the stock is not a buy right now.Apr 7, 2022

Is LCID a hold?

I rate LCID stock as a Hold.
...
About LCID.

Symbol	Last Price	% Chg
LCIDPost	16.35 16.39	-9.92% 0.21%

Mar 29, 2022

What is LCID stock prediction?

Stock Price Forecast

The 4 analysts offering 12-month price forecasts for Lucid Group Inc have a median target of 33.00, with a high estimate of 43.00 and a low estimate of 12.00. The median estimate represents a +83.33% increase from the last price of 18.00.

How many cars will lucid produce in 2022?

The production target for 2022 is now between 12,000 and 14,000 vehicles, down from its previous goal of 20,000, Lucid said in a statement. The California-based startup also revealed that it missed its delivery target for 2021, handing over 125 cars to customers.Mar 1, 2022

Will Lucid Motors survive?

Lucid Motors (NASDAQ:LCID) will not grow as quickly as expected, based on the fact that the electric-vehicle manufacturer reduced its production target for 2022.Mar 3, 2022

Is Nio good stock to buy?

If you listen to analysts, then Nio stock is a buy! Of the 14 analysts that cover the shares, 13 hold a “buy” rating for NIO while only a single analyst has a “hold” rating. Also, the consensus price target is sitting at $50.28, as compared to its $22.17 closing price yesterday.Mar 31, 2022

Is Nio a buy or sell?

UBS is very positive about NIO and gave it a "" rating on Apr 04, 2022. The price target was set to 23.85+8.76. Over the last 90 days, this security got 1 buy, 3 sell, and 0 hold ratings.
...
Predicted Opening Price for NIO Inc. of Monday, May 16, 2022.

Fair opening price May 16, 2022	Current price
$14.09	$14.31 (Overvalued)

What is the target price for Ford stock?

Stock Price Targets

High	$32.00
Median	$18.00
Low	$11.80
Average	$18.75
Current Price	$13.50

Lucid Group, Inc. (NASDAQ:LCID), the SPAC backed by the P.I.F. of the Kingdom of Saudi Arabia is Developing the Concept of Post Luxury, with an Ambitious Model

There are a few issues one can observe in the way Lucid Group, Inc. ( NASDAQ:LCID ) presents itself - it is too early to state anything, but a great time to start questioning.

TIGER 21's chairman breaks down the areas of the market the ultra-wealthy are investing in

Michael Sonnenfeldt, TIGER 21 Chairman joined Yahoo Finance Live to break down how the ultra-wealthy are investing.

Lucid Motors CEO market debut, retail investors, and what's next for EVs

Lucid Motors CEO Peter Rawlinson on today's big market debut, and what's next the EV maker.

Tesla rival Lucid Motors jumps in public debut

Yahoo Finance’s Pras Subramanian joins the Yahoo Finance Live panel to discuss Electric vehicle startup Lucid Motors making its public debut today on the Nasdaq under symbol "LCID."

Stock FAQs