Shares of electric vehicle maker Lucid Group Inc (NASDAQ:LCID) are trading higher Wednesday, continuing a recovery from a 52-week low set earlier in the month.
What To know: Wednesday’s rebound follows a turbulent period for the company. Investor sentiment soured in early September after Lucid executed a 1-for-10 reverse stock split and lowered its 2025 production forecast to between 18,000 and 20,000 vehicles. These factors, combined with broader EV market headwinds, sent the stock to a new 52-week low of $15.25.
Benzinga Edge Rankings: Highlighting the stock’s recent volatility, Benzinga Edge rankings show the stock has a strong Momentum score of 9.37.
Price Action: According to data from Benzinga Pro, LCID shares are trading higher by 7.4% to $21.19 Wednesday. The stock has a 52-week high of $39.60 and a 52-week low of $15.25.
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How To Buy LCID Stock
By now you're likely curious about how to participate in the market for Lucid Group – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Lucid Group, which is trading at $21.19 as of publishing time, $100 would buy you 4.72 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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