Stock Track | Lucid Group Inc Plummets 5.05% Intraday as It's Named a Prime Short Seller Target

Stock Track03-28

Lucid Group Inc's stock fell sharply by 5.05% during intraday trading on Friday, reflecting significant selling pressure.

The decline comes after the company was highlighted in a MarketWatch article as one of 16 stocks considered a "short seller's dream." According to the report, Lucid Group Inc has borrowing costs between 10% and 50% annually, making its shares expensive to borrow and therefore attractive targets for short sellers betting on price declines.

The article cited a study suggesting that stocks with such high borrowing costs are often overvalued and tend to underperform the market, providing short sellers with favorable odds for profit regardless of broader market conditions.

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