Lucid (NASDAQ:LCID) Shares Plunge After Stock Offering and Preliminary Results
Shares of Lucid Group ($LCID) plunged about 18% in pre-market trading on Thursday after the electric vehicle (EV) company announced plans to sell
Why Did Lucid Group Inc (LCID) Stock Plunge -19.22% Last Week?
On Thursday, Lucid Group Inc (LCID) stock saw a decline, ending the day at $2.69 which represents a decrease of $-0.59 or -17.99% from the prior close of $3.28. The stock opened at $2.74 and touched a low of $2.65 during the day, reaching a high of $2.9. The volume of shares traded was 212.14 million exceeding the average volume of 33.13 million.
Lucid stock offering underscores reliance on Saudi funding
Lucid Group (LCID) recent stock offering underscores the company's continue reliance on Saudi funding. Read more here.
Lucid Stock Is Tumbling Wednesday: What's Driving The Action?
Lucid Group shares are trading lower in Wednesday's after-hours session after the company announced an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF).
Lucid Group Announces Public Offering, Private Placement Of Around $1.67 Bln Of Shares; Stock Down
Lucid Group, Inc. (LCID), an automaker, announced on Thursday that it has priced an underwritten public offering of 262.446 million
Lucid stock tumbles following public offering of nearly 262.5 million shares
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."
Lucid stock slides after pricing securities offering
Lucid Group (LCID) shares fell 17% after announcing a securities offering to raise $1.67B for corporate purposes, including capital expenditures.
Lucid Group’s Strategic Potential and Capital Needs Justify Hold Rating Amid Revenue Challenges and Production Ramp-Up
Bank of America Securities analyst John Murphy has reiterated their neutral stance on LCID stock, giving a Hold rating yesterday. John ...
Why Lucid Group Stock Is Plunging Today
Lucid Group stock is spiraling Thursday after the EV maker said it is selling stock to raise cash. Here's why that's ...
Why Lucid (LCID) Shares Are Falling Today
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) fell 19.5% in the morning session after the company announced ...
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Here’s why Lucid’s (LCID) stock is crashing today
Lucid Motors (LCID) stock was down as much as 20% during Thursday’s pre-market after the company announced plans to sell ...
Lucid Group Stock: Enough Is Enough
Lucid's stock is overvalued with a 2024 sales ratio of 9.2x, and profitability remains years away, making it a high-risk ...
Lucid stock tanking as EV maker announces share sale ahead of SUV launch
Lucid Motors stock (LCID) is sliding after the electric vehicle maker announced another capital raise via a share sale late ...
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Penny Stock Lucid Down 22% This Year
Lucid stock has underperformed this year and is a penny stock. The electric vehicle maker's prospects don't look good. Here's ...
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Lucid Stock: Near-Death Experience, or Deep Discount Bargain?
Lucid Group (NASDAQ:LCID) delivered what investors fear most: share dilution. That was the harsh reality shareholders faced ...