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Rivian (RIVN), Lucid (LCID) shares fall as investors cash in

By William Hoffman

21:21, 18 November 2021

Rivian IPO
Rivian shares slide from post IPO highs as investors take profits - Photo: Rivian

Rivian shares fell by 15% for the second day in a row as investors cashed in after the electric truck maker’s shares surged in the hottest initial public offering of the year.

Since going public last week, Rivian shares surged as high as $179, which is well above its initial public offering at $78. Some even wondered whether the shares could reach $200.

But that price is starting to return to reality with the stock trading just above $123 per share on Thursday – more than 31% off its highs. Optimism is high for the electric truck maker, but the company still has a lot to prove, even if Rivian’s valuation has already surpassed legacy US automakers Ford Motor and General Motors.

Lucid Motors

Like Rivian, rival luxury electric car maker Lucid Group has seen its shares slide by more than 10% on Thursday adding to a 5% decline in the share price the day before.


2,050.54 Price
-1.090% 1D Chg, %
Long position overnight fee -0.0193%
Short position overnight fee 0.0111%
Overnight fee time 22:00 (UTC)
Spread 0.50

Oil - Crude

73.42 Price
-1.430% 1D Chg, %
Long position overnight fee -0.0137%
Short position overnight fee -0.0082%
Overnight fee time 22:00 (UTC)
Spread 0.030


15,807.20 Price
-1.210% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


0.62 Price
-0.950% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

Lucid is still up 90% over the last month, but some of those gains are starting to reverse this week as investors take profits after the hype around the electric vehicle sector in recent trading sessions.

Lucid traded as high as $64 per share earlier this week but has fallen more than 27% off those highs to trade at around $47 per share.

Read more: Lucid (LCID) capitalisation gains 22%, surpassing Ford

Markets in this article

Lucid Group, Inc.
4.39 USD
0.06 +1.400%
Lucid Group, Inc.
4.39 USD
0.06 +1.400%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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