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Why did Lucid Group stock drop today?

Dec. 02, 2021 4:00 PM ETLucid Group, Inc. (LCID)By: Clark Schultz, SA News Editor29 Comments

Trading Charts on a Display — da-kuk/E+ via Getty Images

Lucid Group (NASDAQ:LCID) continues its bouncy ways with a decline of 5.50% on volume of over 75M shares.
Lucid fell today along with many EV names with traders taking some risk off the table. Lucid (LCID) still trades well above its 100-day and 200-day moving averages.
Seeking Alpha author JR Research has a breakdown on where LCID may be in five years.

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