NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Lucid Group Stock Is Surging: What's Driving The Action?

Published 06/07/2022, 15:26
Updated 06/07/2022, 16:10
© Reuters.  Lucid Group Stock Is Surging: What's Driving The Action?
LCDX
-

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Wednesday in sympathy with Rivian Automotive Inc (NASDAQ: RIVN), which reported second-quarter vehicle production and delivery numbers.

Rivian said it produced 4,401 vehicles in the second quarter and delivered 4,467 vehicles. Vehicle production was in line with company expectations. Based on current production pace, Rivian believes it remains on track to produce 25,000 vehicles annually, per its previous guidance.

Related Link: Why Rivian Stock Is Rising Today

Lucid aims to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience.

LCID Price Action: Lucid has traded between $57.75 and $13.25 over a 52-week period.

The stock was up 5.28% at $18.14 at press time, according to data from Benzinga Pro.

Photo: courtesy of Lucid.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.