Lucid (LCID) removed from the Nasdaq 100 stock index

[Lucken]

Is there a reason the stock is up 6 percent today with that spike?

Feds signaled better likelihood of interest rate cuts. Most markets liked that.

 

[Tim-in-CA]

Is there a reason the stock is up 6 percent today with that spike?

Everything is up. Fed announced no interest rate change and potential for future cuts. The market ALWAYS reacts in this manner

 

[suchluke]

Is there a reason the stock is up 6 percent today with that spike?

Most likely because of announcement about 3 potential rate cuts in 2024.

 

[liggy]

Is there a reason the stock is up 6 percent today with that spike?

I was wondering the same thing. Now up 8%. Damnit - should have snagged more yesterday.

 

[NoseyReporter]

Lucky me, bought hand over fist yesterday.

 

[xponents]

You all are right, my entire portfolio is up today. Thanks! I was confused as Lucid was the only one that stayed flat the entire day, while my others fell and only went up because of the spike.

 

[NoseyReporter]

Most likely because of announcement about 3 potential rate cuts in 2024.

Nailed it. Biotech will rally too.

 

[suchluke]

You all are right, my entire portfolio is up today. Thanks! I was confused as Lucid was the only one that stayed flat the entire day, while my others fell and only went up because of the spike.

Fed announcement went out around 2 pm Eastern time. Everything should be green after that.

 

[gaskiller]

Yep, bought some this am....buying every paycheck!

 

[NoseyReporter]

Looking good today.

 

[xponents]

Looking good today.

Whats going on today? LCID is an exception to the general market right now..

 

[Lucken]

Actually all major indexes are up, but Lucid is looking real good.

 

[xponents]

Actually all major indexes are up, but Lucid is looking real good.

Far more so than the index, I meant. Its up 10 percent!

 

[Lucken]

Far more so than the index, I meant. Its up 10 percent!

Shhh

 

[EXOTIC2]

all EV stocks up today. Lucid on a nice run.
Tesla is up over 150% for the year

 

[xponents]

all EV stocks up today. Lucid on a nice run.
Tesla is up over 150% for the year

Yup! To me though, the tesla is only up because for much of the second half of 2022 it was dropping with concerns of price cuts, demand, etc. The far more relevant statistic for me is june 22 to now, in which Tesla is still up about 15 percent! It wasn't a particularly good year for EV stocks overall IMO.

 

[EXOTIC2]

Yup! To me though, the tesla is only up because for much of the second half of 2022 it was dropping with concerns of price cuts, demand, etc. The far more relevant statistic for me is june 22 to now, in which Tesla is still up about 15 percent! It wasn't a particularly good year for EV stocks overall IMO.

Yeah I’m not following that spin/ logic at all. I bought Tesla at the beginning of the year at 107 (500 shares) so from my perspective it’s up 150% and for any others who purchased at the beginning of 2023. It is what it is.

I’m also quite happy. I bought more lucid when it dropped under four. The key when buying stock is entry point that you’re comfortable with when making a move.

 

[xponents]

Yeah I’m not following that spin/ logic at all. I bought Tesla at the beginning of the year at 107 (500 shares) so from my perspective it’s up 150% and for any others who purchased at the beginning of 2023. It is what it is.

I’m also quite happy. I bought more lucid when it dropped under four. The key when buying stock is entry point that you’re comfortable with when making a move.

Ah, I did not recognize it was from your buying point of view. Apologies for that.

That being said, have you sold the lucid stock?

 

[EXOTIC2]

Ah, I did not recognize it was from your buying point of view. Apologies for that.

That being said, have you sold the lucid stock?

Nope I’m long term hold on both.

 

[xponents]

Nope I’m long term hold on both.

The best strategy and the same as mine!