On Monday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Tuesday. From the replies, Benzinga selected one ticker for technical analysis. @JeffreyAWillia4 and @CappyTrades are buying Lucid Group, Inc. The electric vehicle manufacturer is expected to print its fourth-quarter financial results on Feb. 28 and traders and investors will be focused on its delivery reservation and delivery numbers for the December quarter. Ahead of the earnings print, Morgan Stanley analyst Adam Jonas said Lucid may underperform on its delivery numbers compared to expectations but doesn’t believe the miss will weigh on the stock. The analyst has an Underweight rating and a price target of $16 on the high-end EV maker. When Lucid printed its third-quarter results on Nov. 15, the stock gapped up 11.95 percent the following day and rallied an additional 15.75 percent over the two trading days that followed to reach a Nov. …
You Ask, We Analyze: Why Lucid Group’s Stock May Be Set for a Drive North
February 23, 2022
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