Why Rivian, Lucid, and Canoo Stocks Keep Dropping
As markets wait with bated breath for news of the next Federal Reserve interest rate hike (will it be 0.25% or 0.5%? Place your bets now!), one group of investors in particular isn't standing around and waiting to see which way the interest rate winds will blow. As of 11:35 a.m. ET, shares of Lucid Group (NASDAQ: LCID) are down 3.2% -- making today its third straight day of losses.