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Stock impact report

Why Is Lucid (LCID) Stock Soaring Today [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
disclosed a significant 11.5% ownership stake in the company and announced plans for a deeper partnership. The filing revealed that Uber acquired approximately 37.75 million shares. In addition to the major investment, Uber also outlined plans to buy at least 35,000 Lucid vehicles for a future global robotaxi network. This move was part of Lucid's broader $1.05 billion capital raise, which also received backing from Saudi Arabia's Public Investment Fund (PIF). After the initial pop the shares cooled down to $7.08, up 4.6% from previous close. Is now the time to buy Lucid? Access our full analysis report here, it's free What Is The Market Telling Us Lucid's shares are extremely volatile and have had 54 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 1 day ago when the stock drop Show less Read more
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