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LCID stock is expected to open below its previous closing price.
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The MACD and signal lines intersect below the zero line in the negative territory.
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Lucid Group, Inc. failed to meet expectations and reported over 15% less revenue.
LCID stock surged over 3.50% in the weekly time frame, and at the time of writing, it was trading at $5.38 with an intraday trading volume of 18.24 Million.
LCID Stock Price Analysis
Despite an intraday surge, Lucid Group Inc. stock lost 14.47% of its trading value and slipped 27.04% in a quarter.
The annual price target of LCID share is $7.38; the target is 37.08% greater than its press time trading price. In the 52-week time frame, LCID share price peaked at $17.81 while the lowest traded price was $4.97.
The MACD and signal lines intersect below the zero line in the negative territory. Lucid Group, Inc. has a market capitalization of $12.281 Billion.
Source: LCID stock price chart from Trading
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