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Lucid's stock price has fallen to record lows to start 2024, which has investors asking if it's an excellent time to buy the dip.
Fool.com contributor Parkev Tatevosian evaluates Lucid (LCID 2.96%) and its prospects to determine if long-term investors should buy the stock today.
*Stock prices used were the afternoon prices of Jan. 26, 2024. The video was published on Jan. 28, 2024.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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