Is Lucid Stock a Buy After Prince Al Waleed Takes 19.5M Share Stake?
Lucid Group shares are trading lower in Wednesday's premarket as traders take profits after Tuesday’s rally sparked by a regulatory filing.
A rich investor from Saudi Arabia bought a big chunk of Lucid stock, which excited people on Tuesday, but prices dropped Wednesday as some people sold to lock in their profits. When important people buy a company's stock, it can be a sign they believe in it, but you should watch whether the company actually makes more cars and money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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