Is lucid stock down more than 60% over the past 12 months?

Image source: Lucid. Yet if we pull back the chart further, we'll see that Lucid's stock remains down more than 60% over the past 12 months. Should investors still bet on its long-term turnaround?

Did Blackrock buy LCID stock in Q2?

Lucid (NASDAQ: LCID) stock fell by about 14% during the second quarter, but that didn’t stop asset management firm BlackRock (NYSE: BLK) from buying the dip. During Q2, BlackRock reported purchasing 10.99 million shares of LCID stock, bringing its total stake to 45.33 million shares.

Who owns LCID stock?

Other notable shareholders of LCID stock include Two Sigma, Ensign Peak Advisors and Coatue Management. Coatue stood out as a shareholder after adding 5.19 million shares during the second quarter. LCID is Coatue’s 45th largest position with a 0.22% portfolio allocation, up from 0.07% quarter-over-quarter (QOQ).

Does piccariello's view on lucid stock align with the stock market?

Piccariello’s views appear to align with the rest of the Street. Only 31% of analysts covering Lucid stock have Buy ratings. The average Buy-rating ratio for stocks in the S&P 500 is about 55%. A downgrade to Sell from Hold doesn’t change the Buy-rating ratio. It changes the Sell-rating ratio, though.