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.
Lucid Shares Sink on Stock Sale, Loss Warning
Lucid shares dropped after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
Lucid Stock Tumbles 15%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
The company plans a substantial public stocks offering and projects a wider-than-expected loss for the third quarter.
EV maker Lucid expects to raise $1.67 billion from stock sale
(Reuters) -Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale as well as its latest warning of a bigger-than-expected loss for the third quarter sent Lucid shares down as much as 16.
Lucid stock tanking as EV-maker announces share sale ahead of SUV launch
Lucid Motors announced another capital raise via a share sale late Wednesday night as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV.
Why Lucid Group Stock Is Going Downhill Today
Shares of Lucid Group ( LCID -15.24%) shifted into reverse Thursday after the electric vehicle (EV) maker announced a ...
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Lucid (NASDAQ:LCID) Is Outpacing Luxury EV Competitors, According to CEO
Lucid Group ($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 ...
Why Lucid Motors, Nio, and Li Auto Stocks All Crashed This Week
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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 ...
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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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 ...
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 ...