LAC is trading 5.5% down today at $3.61 as the stock undergoes a period of profit-taking and normalization following a massive rally.
- Shares recently surged, nearly doubling in value, on reports that the Trump administration is seeking a 10% equity stake and loan renegotiation for the Thacker Pass lithium project.
- The current pullback appears to be a technical correction with no new negative company-specific headlines emerging, though broader market weakness is also weighing on the price.