Lucid Group stock rallies 13%, poised for best gain in nearly 5 months

Shares of Lucid Group Inc. rallied more than 13% in late trading Tuesday, headed for their highest close since July 1, when it closed at $27.72, and on pace for the largest one-day percent increase since April 26, when they rose more than 16%. The stock has gained for five straight sessions, advancing more than 40% in the period. Electric-car maker Lucid, which went public in July, has picked up a few nods from Wall Street analysts in recent days, including a buy rating from B. of A. Securities last week. Lucid shares have gained 170% this year, compared with gains of around 16% for the S&P 500 index. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Lucid Group stock rallies 13%, poised for best gain in nearly 5 months
Shares of Lucid Group Inc. rallied more than 13% in late trading Tuesday, headed for their highest close since July 1, when it closed at $27.72, and on pace for the largest one-day percent increase since April 26, when they rose more than 16%. The stock has gained for five straight sessions, advancing more than 40% in the period. Electric-car maker Lucid, which went public in July, has picked up a few nods from Wall Street analysts in recent days, including a buy rating from B. of A. Securities last week. Lucid shares have gained 170% this year, compared with gains of around 16% for the S&P 500 index. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.