Lucid Group Inc is trading 5% up today at $5.46, tracking a broader market rally in growth and EV-related sectors.
- This rise occurs despite negative company-specific news today, including the departure of Lucid's ADAS Manager to Apple and the filing of a securities fraud class-action lawsuit.
- Major U.S. indices are gaining more than 1% as tech leadership persists and risk appetite improves across the board following news of a U.S.-Iran peace deal.
- The stock is extending a rebound from last week, which saw volatile trading between $4.70 and $5.68.