3 Reasons Lucid Stock Is Volatile Today

Lucid stock was in the green early in the session, trading as high as $10.09, before dropping to $8.78 in afternoon trading, down 4.9%, while the and were up 1% and 0.5%, respectively. The moves came after Lucid announced entities connected with the Saudi Public Investment Fund were purchasing $550 million in preferred stock. Uber also plans to expand its partnership with Lucid for 35,000 robo-taxis, up from 20,000.