Lucid Group is trading at $2.88, a -6.95% move, with broader market weakness potentially contributing; no fresh Lucid-specific catalyst for the October 20 decline surfaced in available reports.
- The Nasdaq was down 0.84%, reflecting the weak broader backdrop.
- Morgan Stanley cut its price target to $3 from $5 on October 15 and maintained an Underweight rating; this is prior context, not a confirmed cause of the morning drop.
- Volume and trading activity details were unavailable.