LCID Surges on First Deliveries

During the last session, 121M of Lucid Group, Inc.’s (NasdaqGS:LCID) shares were traded. The stock closed at $36.53 per share indicating that it lost -$0.46 or -1.24% during that day which brings the Lucid Group, Inc.’s valuation to $59B.

The 52-week high for the Lucid Group, Inc.’s shares is $64.86. That puts it -43.68% from that peak but still a massive gain since the share price dropped to a 52-week low of $9.62, while the S&P 500’s share price change was of 33%.

The company currently has a P/E ratio and a price target of $23.33.

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What does the trading volume tell us about the LCID stock?

During the last trading session, Lucid Group, Inc. (NasdaqGS:LCID) has seen decay in its daily volume. The daily volume was of 37M, while in the last 10 days the average was 149.09M and last three months – 37.07M.


The decreasing interest in the LCID stock from the investors is helping to drive the stock price down.

Lucid Group (LCID) Stock Keeps on Performing

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The LCID stock price fluctuated between $26.01 and $28.39 throughout the trading session with the volume trading being 121M shares, which represented a positive variation when compared to the three months average volume of 22M shares.

The share price of Lucid Group, Inc. (NasdaqGS:LCID) ran up 7.09% to close Wednesday’s market session at $26.28, higher as compared to yesterday’s close.

The 52-week high for the Lucid Group, Inc.’s shares is $64.86. That puts it -59.48% from that peak but still massive gain since the share price dropped to a 52-week low of $9.60, while the S&P 500’s share price change was of 33%.

What does the trading volume tell us about the LCID stock?

During the last trading session, Lucid Group, Inc. (NasdaqGS:LCID) has seen decay in its daily volume. The daily volume was of 22M, while in the last 10 days the average was 59.74M and last three months – 22.22M.