Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower Tuesday. The stock appears to be moving on continued downward momentum from the last five days.
What To Know:
Lucid Group shares are down more than 5% at $6.42 and down 11% over the last five days. Lucid shares have lost 65% of their value over the last year.
Lucid reported disappointing second-quarter financial results last week. The company’s second-quarter revenue of $150.9 million fell short of the estimated $201.9 million and losses of 40 cents per share exceeded the estimated loss of 35 cents for the quarter.
Shares of LCID have received significant attention from short-sellers with 15.9% of available shares being sold short, according to Benzinga Pro.
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LCID Price Action: According to Benzinga Pro, Lucid Group shares have a 52-week low of $5.46 and a 52-week high of $19.15.
Image: Courtesy of Lucid Group, Inc.
