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 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 stock tumbles following public offering to raise $1.67 billion
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."
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.
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.
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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Is Lucid Group Nearing the Bottom? What Investors Should Know
If you’ve been wondering when Lucid Motor's (NASDAQ: LCID) downtrend will resume and how deep the stock price can go, the ...
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 ...
Why Lucid Motors, Nio, and Li Auto Stocks All Crashed This Week
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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 ...
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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 Slumps on Plan to Sell 262.4 Million Shares
Lucid Group Inc. shares slid after the electric-vehicle maker said it plans to sell 262.4 million shares of common stock in 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 ...