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Benzinga
Benzinga
Business
Mark Putrino

BZ Chart Of The Day: Lucid Group Fails At Resistance

LCID Lucid Group, Inc.

Shares of Lucid Group, Inc. (NASDAQ:LCID) slammed into a wall of resistance and are moving lower, down 16% at press time. The company reported worse-than-expected fourth-quarter sales results and cut 2022 production guidance.

Resistance is a large group of investors offering or trying to sell shares close to the same price. In this case, it's $29.00.

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