Lucid Group Stock Tanks on Share Sale, Bigger-Than-Expected Projected Loss
Lucid Group announced it would be selling approximately 637 million shares in a public offering and to its largest shareholder.
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Lucid’s stock takes a dive after EV maker warns of larger losses
Shares of Lucid Group Inc. fall 12% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
Lucid sparks selloff with plan for dilutive new stock sale, Q3 loss expectations
Electric vehicle maker Lucid Group said it anticipates to report a bigger-than-expected loss for the third quarter and announced a public offering of over 262 million shares, sending its shares down 12% in after-market trading on Wednesday.
Why Lucid Group Stock Is Going Downhill Today
Lucid faces more skepticism. Investors tend to dislike secondary stock offerings as they dilute existing shareholders, and the weak third-quarter results show Lucid is still a lon
Lucid Group Sees $1.67B in Proceeds from Stock Sale
PIF's purchase is contingent on Lucid completing the public stock sale. The public offering is expected to close on or about Oct. 18. Lucid said it expects to use the net proceeds from the offering and private placement by its majority shareholder for general corporate purposes,
Lucid Group Stock: Enough Is Enough
Lucid's stock is overvalued with a 2024 sales ratio of 9.2x, and profitability remains years away, making it a high-risk investment. Learn more on LCID stock here.
Why Lucid Group Stock Is Plunging Today
Lucid Group stock is spiraling Thursday after the EV maker said it is selling stock to raise cash. Here's why that's important to investors.
Here’s why Lucid’s (LCID) stock is crashing today
Lucid Motors (LCID) stock was down as much as 20% during Thursday’s pre-market after the company announced plans to sell
Lucid Shares Plunge on Stock Sale
Lucid stock plunged on news that it would sell stock to raise cash. The electric vehicle maker's prospects don't look good. Here's why.
What in the World Happened to Lucid and Rivian Deliveries?
The third quarter of 2024 has brought a reversal, with Lucid deliveries soaring and Rivian slashing its full-year production ...
Why Lucid Motors, Nio, and Li Auto Stocks All Crashed This Week
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Lucid (NASDAQ:LCID) Is Outpacing Luxury EV Competitors, According to CEO
Lucid Group ($LCID) may be struggling right now, but according to CEO Peter Rawlinson, it is still outpacing many luxury EV ...
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 ...
Extremely unprofitable Bay Area carmaker Lucid grabs at $1.6 billion lifeline
Lucid, an extremely unprofitable Bay Area carmaker, is grabbing a $1.6 billion lifeline from investors, including the ...
Lucid Group announces pricing of public offering of common stock
Lucid Group announced that it priced its underwritten public offering of 262,446,931 shares of its common stock. The public ...
Analysis
Is Lucid Group Nearing the Bottom? What Investors Should Know
The short interest in Lucid stock is down from its highs in 2021 but remains high at nearly 30%. Because there have been no bullish catalysts and the share sales are a dilutive influence, investors ...
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Lucid Group (LCID) Rises But Trails Market: What Investors Should Know
Lucid Group (LCID) concluded the recent trading session at $3.28, signifying a +0.31% move from its prior day's close.