Shares of electric vehicle maker Lucid Group Inc (NASDAQ:LCID) are trading sharply higher Friday, after hitting a new all-time low Thursday. Here’s what investors need to know.
What To Know: The rebound is fueled by a vote of confidence from Wall Street, as Cantor Fitzgerald reiterated a Neutral rating on the stock while increasing its price target from $3 to $20 per share. This new target equates to $2 per share prior to the company’s recent 1-for-10 reverse stock split.
