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Benzinga
Benzinga
Business
Henry Khederian

Lucid Group (LCID) Stock Cools Off Thursday After Huge Rally

Lucid LCID Lucid Group Lucid Group, Inc. electric vehicle Tesla Inc. Uber
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Shares of Lucid Group Inc (NASDAQ:LCID) are pulling back in Thursday afternoon trading, pausing a run that saw the stock surge 35% over the past month. Investors are potentially taking profits after the electric vehicle maker recently announced a series of positive catalysts.

What To Know: The recent rally's primary driver was last week’s news of a strategic partnership with Uber Technologies Inc (NYSE:UBER) and autonomous vehicle firm Nuro.

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