Shares of Lucid Group (NASDAQ: LCID) have rallied 18.4% in the past month as the luxury electric vehicle (EV) maker posted encouraging Q1 results. The stock, however, has yet to fully recover and is still trading near its 52-week low of $13.25. Furthermore, LCID stock is down roughly 56% year-to-date and was down 5% on Friday, closing at $18.02. One reason for LCID's stock price lagging in the lower range could be the company's announcement of a hike in vehicle prices that came into effect on June 1. Lucid attempted to lessen the impact of its price hike earlier this week by making it easier to purchase its Lucid Air.
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Lucid (NASDAQ:LCID)
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