Lucid just marked a new 52-week low at $3.10, 1.12% under the bottom it set only three sessions earlier. The market cap is down to $1.2 billion, a year after the stock traded near $20.
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A 9.57% drop wipes out a chunk of a company now worth just $1.2 billion, where every dime of the share price carries real weight. Moves this size are the norm here, so keep an eye on whether $3 holds.
The optical names took the worst of it at the close, with Ciena down 10.49% and Lumentum and Applied Optoelectronics close behind. Shopify's gain led a much tamer move on the other side of the 382-stock board.
Lucid carved out another 52-week low at $3.82, leaving the EV maker with no prior support left on the chart. Second straight day of fresh lows.
Spotify closed the session's best performer at 5.24%, taking the stock to $513.73. GoPro, MicroStrategy, Iren, Applied Optoelectronics and Lucid all shed more than 6%.
Same $10,000, same year, same EV bet: Rivian left you with $9,698 while Lucid left you $1,618. Picking the right startup mattered six times more than picking the sector.
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.
Lucid's fourth fresh 52-week low in a week puts the stock at $4.16, with the entire company now valued at $1.6 billion. A year ago it traded near $20.
Cloudflare closed up 10.57% at $314.35, the biggest gain across 111 priority names. Cipher Mining shed 8.56% and Lyft 7.91% at the other extreme.
Snowflake closed 17.43% higher, the biggest single-day move in a 111-stock priority universe. Only three other names in that group gained more than 9%.
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