Lucid Group tracks higher as retail investor interest stays elevated
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Lucid Group (NASDAQ:LCID) extends on yesterday's gain with a 2.05% jump today in the premarket session.
The early rise coincides with other electric vehicle stocks starting off the day in positive territory and the expiration of a lockup period for a bulk of shares.

The last bull rating on Lucid to arrive from Wall Street was from Citi. Analyst Itay Michaeli and team set a Buy rating and $57 price target on LCID on its view that the electric vehicle maker has demonstrated leading electric vehicle technology "credentials with a best-in-class blend of range, performance, charging dynamics and price."
Retail investor interest is still high on Lucid (LCID) with it one of the most discussed stocks on Reddit's WallStreetBets and StockTwits this week.
Lucid (LCID) trades below its 10-day and 50-day moving average.