Lucid Stock Is Tumbling Wednesday: What's Driving The Action? - Lucid Gr...

Published on 16 Oct 2024 on Benzinga

Lucid Stock Is Tumbling Wednesday: What's Driving The Action? - Lucid Gr...

Lucid Group Inc LCID shares are trading lower in Wednesday’s after-hours session after the company announced an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF).

What Happened: Lucid said it commenced a public offering of 262,446,931 shares of its common stock. The company intends to grant the underwriter a 30-day option to purchase up to 39,367,040 additional shares.

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NASDAQ.LCID price evolution

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