Shares of Lucid Group Inc. (LCID) rallied more than 13% in late trading Tuesday, headed for their highest close since July 1, when it closed at $27.72, and on pace for the largest one-day percent increase since April 26, when they rose more than 16%. The stock has gained for five straight sessions, advancing more than 40% in the period. Electric-car maker Lucid, which went public in July, has picked up a few nods from Wall Street analysts in recent days, including a buy rating from B. of A. Securities last week. Lucid shares have gained 170% this year, compared with gains of around 16% for the S&P 500 index.
(END) Dow Jones Newswires
September 21, 2021 15:33 ET (19:33 GMT)
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