Lucid Group (LCID) Stock: Why It Fell Over 12% Today

By Amit Chowdhry ● Aug 4, 2022
  • The stock price of Lucid Group (LCID) fell by over 12% during intraday trading today. This is why.

The stock price of Lucid Group (LCID) fell by over 12% during intraday trading today. Investors are responding to the company’s second-quarter results.

Lucid Group reported a Q2 EPS of ($0.33), which was $0.06 higher than the analyst estimate of ($0.39). And the revenue for the quarter was $97.3 million compared to the consensus estimate of $145.49 million.