Lucid Group stock falls on Thursday after a hot CPI report. Other stocks all stage a massive u-turn, but Lucid stays behind. $LCID stock is down 68% YTD, 20% in past month by ivanbrian9 stocks trading
Other stocks all stage a massive u-turn, but Lucid stays behind.stock failed to take part in turnaround Thursday as the stock closed at $13.01 for a small loss of 0.6%. This was in sharp contrast to the huge reversal in the stock market after another hot CPI report. Indices were down 3% just after the 40-year high in core CPI. However, a swift rebuke took place as sentiment and positioning were already max bearish. This led to a huge covering and a squeeze.
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