LCID Stock News: Lucid Motors jumps nearly 10% to clinch nine-month highs
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UPGRADE- NASDAQ:LCID kept rallying on Monday, up nearly 10%.
- Motortrend puts out yet another sparkling review of the Lucid Air.
- Lucid announces it is opening a new studio in the Washington DC area.
Update November 9: NASDAQ: LCID jumped to its highest levels since February 2021 at $47.87 before retracing to $45.92 at the close, still adding 9.86% on the day. The Electric Vehicle (EV) stock is up 13% so far in November, having climbed 46% in October. The bullish momentum could be associated with the Air Dream's range rating beating Tesla's longest-range EV, the Model S, by nearly 100 miles. Investors now look forward to Lucid’s growth and production numbers due for release next week.
Stay up to speed with hot stocks' news!
Motortrend put out another review of the Lucid Air Grand Touring on Thursday, and similar to its original review in August, this was also full of praise. Like other publications, Motortrend gushed about the posh and roomy interior of the Air, and raised several comparisons to Tesla’s (NASDAQ:TSLA) Model S in the article. Lucid’s vehicles haven’t been on the roads for long, but the reviews have been positive nearly across the board. Motortrend capped off its review by calling the Lucid Air the ‘most compelling American luxury car in recent memory’.
Lucid group stock price
Lucid also announced that it is opening a brand new studio location in the Washington DC area. It is the eleventh such studio that will be opening its doors on Saturday November 6th, at the Tysons Corner Center Mall. Lucid is planning to open dozens of these studios over the next few years, and has even expanded into Canada with its first studio opening in Vancouver.
Previous updates
Update: NASDAQ:LCID trades at $46.93 ahead of the close, up over 12%, ahead of growth and production numbers scheduled for next week. Wall Street is up to fresh record highs as investors quietly digest moderated tapering from the US Federal Reserve and upbeat employment figures in the country.
NASDAQ:LCID revved higher on Friday as the Arizona-based EV maker saw its stock go parabolic on a flurry of good news. Shares of Lucid soared to close the week, gaining 12.61% to close the trading day at $41.80. It was the highest closing price for Lucid since the stock ran high during the meme stock squeeze in late February. The surge came on a bullish close to the week as the October jobs report came in higher than expected, and all three major US indices closed higher once again. The NASDAQ capped off its strongest week since April, and the S&P 500 rose for the seventh consecutive trading session.
- NASDAQ:LCID kept rallying on Monday, up nearly 10%.
- Motortrend puts out yet another sparkling review of the Lucid Air.
- Lucid announces it is opening a new studio in the Washington DC area.
Update November 9: NASDAQ: LCID jumped to its highest levels since February 2021 at $47.87 before retracing to $45.92 at the close, still adding 9.86% on the day. The Electric Vehicle (EV) stock is up 13% so far in November, having climbed 46% in October. The bullish momentum could be associated with the Air Dream's range rating beating Tesla's longest-range EV, the Model S, by nearly 100 miles. Investors now look forward to Lucid’s growth and production numbers due for release next week.
Stay up to speed with hot stocks' news!
Motortrend put out another review of the Lucid Air Grand Touring on Thursday, and similar to its original review in August, this was also full of praise. Like other publications, Motortrend gushed about the posh and roomy interior of the Air, and raised several comparisons to Tesla’s (NASDAQ:TSLA) Model S in the article. Lucid’s vehicles haven’t been on the roads for long, but the reviews have been positive nearly across the board. Motortrend capped off its review by calling the Lucid Air the ‘most compelling American luxury car in recent memory’.
Lucid group stock price
Lucid also announced that it is opening a brand new studio location in the Washington DC area. It is the eleventh such studio that will be opening its doors on Saturday November 6th, at the Tysons Corner Center Mall. Lucid is planning to open dozens of these studios over the next few years, and has even expanded into Canada with its first studio opening in Vancouver.
Previous updates
Update: NASDAQ:LCID trades at $46.93 ahead of the close, up over 12%, ahead of growth and production numbers scheduled for next week. Wall Street is up to fresh record highs as investors quietly digest moderated tapering from the US Federal Reserve and upbeat employment figures in the country.
NASDAQ:LCID revved higher on Friday as the Arizona-based EV maker saw its stock go parabolic on a flurry of good news. Shares of Lucid soared to close the week, gaining 12.61% to close the trading day at $41.80. It was the highest closing price for Lucid since the stock ran high during the meme stock squeeze in late February. The surge came on a bullish close to the week as the October jobs report came in higher than expected, and all three major US indices closed higher once again. The NASDAQ capped off its strongest week since April, and the S&P 500 rose for the seventh consecutive trading session.
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