Roku (NASDAQ: ROKU) investors got a new jolt of optimism from an analyst on Wednesday. This helped extend the stock's rally, which entered its third day following the company's release of dispiriting quarterly results. The analyst in question is Citigroup's Jason Bazinet. Read More...
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Lucid stock plunges after electric-vehicle maker cuts production guidance for the year
Shares of Lucid Group Inc. fell more than 10% in after-hours trading Wednesday after the electric-vehicle maker announced a reduction in its production forecast. Lucid said it now expects its 2022 production volume to hit 6,000 to 7,000 vehicles, after stating 12,000 to 14,000 vehicles in May. “Our revised production guidance reflects the extraordinary supply chain and logistics challenges we encountered,” Chief Executive Peter Rawlinson said in a statement. “We’ve identified the primary bottlen
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