MarketMove
Intuit, Trade Desk, Lucid Stocks Hit New 52-Week Lows
Shares of Intuit (INTU), The Trade Desk (TTD), and Lucid Group (LCID) fell to fresh 52-week lows on Monday, driven by a mix of operational worries, negative sentiment, and ongoing market uncertainty.
June 9, 2026
2 min read
Source: Stocktwits
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Shares of technology and electric vehicle companies hit fresh 52-week lows on Monday, with Intuit (INTU), The Trade Desk (TTD), and Lucid Group (LCID) declining amid operational concerns and broad market pessimism.
Possible Reasons
No official statements were released by the companies, but analysts point to several factors:
- Operational concerns: Intuit (INTU) faces pressure from slowing spending on accounting software, while The Trade Desk (TTD) suffers from reduced digital ad spending.
- Market pessimism: The tech sector as a whole is experiencing heavy selling due to rising interest rates and inflation.
- Macro uncertainty: Uncertainty over the monetary policy path weighs on high-valuation stocks.
Context
- Intuit (INTU): The stock has fallen over 30% year-to-date, impacted by slowing revenue growth.
- The Trade Desk (TTD): The stock has lost more than 40% of its value in 2026, with ad spending declining.
- Lucid Group (LCID): The company faces challenges ramping up production amid fierce competition in the EV market.
Similar Moves in the Sector
Losses were not limited to these stocks; the broader technology and EV sectors also suffered. Shares of Netflix (NFLX) and Tesla (TSLA) also recorded notable declines.
Frequently Asked Questions
Due to operational concerns specific to each company, broad market pessimism, and macroeconomic uncertainty.
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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.