Why Lucid Stock Fell Hard Last Month
Investors continued to lose faith in Lucid in September.
Overview
It was another bad month for Lucid (NASDAQ:LCID) investetors, as shares of the electric vehicle maker plunged 16.1% in September, according to data provided by S&P Global Market Intelligence.
That drop was preceded by Lucid stock falling 34% in August, underscoring how much investors have lost faith in the company lately.
Details
The most recent declines weren't caused by any specific Lucid announcement, and instead appear to be fueled by investors' reaction to rising interest rates and concerns that Lucid can't get its financial house in order.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.