Lucid Stock Tumbles 18%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
Lucid stock fell sharply Thursday after the electric-vehicle manufacturer said it planned a substantial public offering and projected wider-than-expected losses for the third quarter.Shares plummeted 15% to $2.
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 Wednesday night, as the California-based automaker seeks further runway ahead of the release of its upcoming electric SUV.
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’s stock takes a dive after EV maker warns of larger losses
Shares of Lucid Group Inc. fall more than 10% 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 Group Faces Financial Challenges: Sell Rating Issued Amid Stock Dilution and Profitability Concerns
In a report released yesterday, Adam Jonas from Morgan Stanley maintained a Sell rating on Lucid Group (LCID – Research Report), with a
Lucid Group Stock Tanks on Share Sale, Bigger-Than-Expected Projected Loss
Key Takeaways Lucid Group announced it would be selling approximately 637 million shares in a public offering and to its largest shareholder.The struggling electric vehicle maker said the money raised would be used for general corporate purposes,
EV maker Lucid expects to raise $1.67 bln from stock sale
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.
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 ...
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 ...
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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 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 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
The big hit for Lucid shares came when the company announced new plans to raise cash. That's just over two months after the company said its largest shareholder, Saudi Arabia's Public Investment Fund ...