Why Lucid Stock Is Soaring Today
Lucid (LCID) The Motley Fool·2024-08-24 04:08
With today's big gains, Lucid stock is now up roughly 1% across 2024's trading. Lucid Group (LCID 9.09%) stock is making big gains Friday. The electric vehicle (EV) company's share price was up 9.6% as of 3 p.m. ET, according to data from S&P Global Market Intelligence. The EV specialist's stock is gaining ground following comments from Federal Reserve Chairman Jerome Powell suggesting that central banking authority is on track to cut interest rates in September. In addition to being a bullish catalyst for ...