What's Going On With Lucid Group Stock?

Lucid Group, Inc. LCID shares are trading higher Thursday, though the stock remains down by nearly 20% over the last month.

What To Know:

Lucid Group is set to release its third-quarter financial results after the market close on Nov. 7 and will host a conference call to discuss the results at 6:30 p.m. ET the same day.

According to estimates from Benzinga Pro, the company is expected to report a loss of 35 cents per share and quarterly revenue of $183.841 million.

Lucid Group shares have become a favorite among retail investors as well as short-sellers. LCID is one of the top trending tickers on Yahoo Finance and 19.08% of available LCID shares are being sold short, according to data from Benzinga Pro.

Lucid Group shares are gaining on above-average volume Thursday with more than 21 million shares already traded, compared to the stock's 100-day average volume of just over 29 million shares.

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LCID Price Action: According to Benzinga Pro, Lucid Group shares are up over 10% at $4.49 at the time of publication.

Image: Gerd Altmann from Pixabay