Lucid (NASDAQ:LCID) stock hasn’t been doing so hot this week with shares falling more than 25% since Monday.
For the record, it’s not just LCID stock that is falling this week. The stock market overall is experiencing a slump with plans from the Federal Reserve to increase interest rates in the coming months.
In addition to that, other electric vehicle (EV) stocks, such as Rivian Automotive (NASDAQ:RIVN) and Nio (NYSE:NIO), are also falling. Part of that has to do with Tesla’s (NASDAQ:TSLA) most recent earnings report. It was a mixed bag that didn’t help out already slipping EV stocks.
So how are LCID stock investors feeling about the EV company this week? let’s take a look at some comments on Twitter (NYSE:TWTR) below!
LCID Stock Twitter Talk
— Financial Journey (@FinJourney) January 28, 2022
— Mike Oxlong (@Fackyou2022) January 28, 2022
— Adam (@Alpha_Oskar) January 28, 2022
$LCID goodbye, such a shitty company super overbought , hedgies pumped it up & created bag holders for the next 2 years 🚩
— UDIT MEHRA (@MehraUdit3) January 28, 2022
Lucid should deliver 1500 GT model by now
In reality they haven't finished deliver the 520 DE and they delivered unfinished/unfunctional car, what a disaster
The $LCID Pumpers ignoring the reality, They will find themselves at $12 and below after fundamentals will hit.
— ParabolicMode (@ParabolicMode) January 28, 2022
With LCID stock falling today, it only makes sense to check on how trading is going. In this case, it’s not as heavy as one might expect with some 28 million shares on the move. That’s still well below the company’s daily average trading volume of 73 million shares.
LCID stock is down 6.9% as of Friday morning and is down 34.3% since the start of the year.
Investors seeking out more recent stock market news are in the right place!
InvestorPlace has all the latest stock market coverage that traders will want to know about for Friday. A few examples include an update on Roblox (NYSE:RBLX) stock, this morning’s biggest pre-market stock movers, as well as the recent news Vinco Ventures (NASDAQ:BBIG) shareholders need to know about. You can find all of that, and more, by checking out the following links!
More Stock Market News for Friday
- Is RBLX Stock a Buy? Here’s What 6 Analysts Think About Roblox Price Predictions.
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday
- Dear BBIG Stock Fans, Pay Attention to This $42 Million Cryptyde Update
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.