Lucid Motors’ (LCID) shares soared over 50% after the company secured a multi-hundred-million dollar investment from Uber to deploy robotaxis. So, why did Lucid just announce plans for a reverse stock ...
Lucid Group (NASDAQ: LCID) dropped 8.24% to close at $2.56 on Tuesday, with the sharp decline attributed to renewed investor concerns over the electric vehicle (EV) maker's recently filed 1-for-10 ...
Reverse stock splits, unlike forward splits, are often seen as red flags, signaling financial distress rather than growth confidence. Lucid Group’s (LCID) 1-for-10 reverse split on Sept. 2 boosted its ...
Along with the reverse split, Lucid will implement a corresponding reduction in its authorized shares from 15 billion to 1.5 billion. The company noted that the reverse split will not affect the par ...
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