Is It Too Late to Buy Lucid Stock?
A flurry of news over the past month has led to a run in the stock of Lucid Group (NASDAQ: LCID). The company delivered its first vehicles with much fanfare on Oct. 30, and the successful initial public offering (IPO) of competitor Rivian Automotive less than two weeks later ignited a second surge in electric vehicle (EV) names, including Lucid.
Many investors took some profits from Rivian stock after its spike. Its shares are down 35% from recent highs. But while Lucid shares have soared more than 90% in just the last month, the stock has held those gains, causing some investors to wonder if it's too late to buy Lucid.
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Source Fool.com