Lucid (LCID) Falls to $3.90, Setting a Deeper 52-Week Low
As seen on the 24/7 Wall St. homepage on September 28, 2026.
Lucid marked a fresh 52-week low at $3.90, 3.47% below the low it set on September 16. The market cap is down to $1.5 billion, and each new floor is arriving faster than the last.
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Lucid's stock settled at $3.90 on September 28, undercutting the 52-week low set just 12 days earlier. Resetting the floor within weeks rather than months signals that selling pressure has not found a bottom yet.
The stock started the 52-week period above $24 and has shed the vast majority of its value, with each attempted recovery fading quickly into a new leg lower.
At $3.90, the company's market cap has contracted to $1.5 billion. For a capital-intensive automaker that requires ongoing investment to scale production, a shrinking market cap tightens the company's ability to raise equity at favorable terms.
The pace of the decline is what investors should focus on now. New 52-week lows arriving in rapid succession show prior support levels are not holding, and the next test is whether buyers step in at current prices.
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Mentioned: LCID