These 10 Firms Just Beat the Market Today

6. Lucid Group, Inc. (NASDAQ:LCID)

Lucid Group saw its share prices jump by 10.45 percent on Tuesday to close at $2.96 apiece, as penny traders appeared to have taken advantage of the previous day’s drop to buy shares at a low price.

Based on its historical share price data, the company traded sideways amid the lack of catalysts to further propel buying.

In recent news, Lucid Group, Inc. (NASDAQ:LCID) reported that its net loss attributable to shareholders grew by 6.9 percent to $731 million from the $684 million registered in the same period last year.

Revenues, however, increased by 36 percent to $235 million from $172 million year-on-year.

Looking ahead, Lucid Group, Inc. (NASDAQ:LCID) is looking to ramp up vehicle production to 20,000 units per year, more than double the 9,000 units delivered last year.

In the first quarter alone, Lucid Group Inc. (NASDAQ:LCID) delivered 3,109 units, translating to $235 million in sales.