NEW YORK – May 29 – Electric vehicle manufacturer Lucid Group Inc. (LCID) experienced a notable dip in its stock price during early trading this morning, as market activity commenced.
As of 10:01 AM GMT-4, Lucid shares were trading at 0.055, or 2.09%, from the previous day’s closing price of $2.63.
The stock opened the session at $2.63, matching its prior close. However, it quickly saw selling pressure, dropping to an intraday low of $2.54 before showing a slight rebound to its current level. The day’s high so far has been $2.65.
This early movement places Lucid’s stock in a dynamic phase, with investors closely watching its performance. The current price is trading above its 52-week low of $1.93 but remains considerably off its 52-week high of $4.43. The company’s market capitalization is currently noted at 802.22Cr.
Investors will be keenly observing Lucid’s trajectory throughout the trading day to gauge market sentiment and potential catalysts for movement.
