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Lucid Group ( LCID -3.11%) stock soared 40% in value when the company announced its robotaxi partnership with Uber Technologies last month. The deal is transformative, with Uber agreeing to purchase 20,000 vehicles from Lucid as well as infuse $300 million in fresh cash into the business.
Wall Street saw the print as positive and bought shares accordingly. But analysts remain conflicted about the stock’s long-term outlook. Among the bulls, Benchmark Equity Research analyst Matthew Harrigan reiterated a Buy rating and a $102 price target on the stock, citing the uptake of the company’s artificial-intelligence offerings.
U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning.
The popular sports betting app will soon host event-based contracts linked to oil and gas prices, gold, the S&P 500 and more.
Short sellers, those swashbuckling investors who profit from betting against stocks and who sometimes expose corporate fraud along the way, have faced an uphill battle as stocks have generally marched higher since the end of the 2008 financial crisis.
By Manya Saini and Niket Nishant (Reuters) -Big first-day gains by recent high-profile U.S. listings have raised questions over whether Wall Street banks — wary of volatility and economic uncertainty from sweeping U.
U.S. stocks are slipping again, this time after the country’s largest retailer reported profits that came up short of Wall Street’s expectations.