Lucid Stock Bounces Back After Strongly Refuting Bankruptcy Rumors
With Lucid slamming reports of bankruptcy, what should you do with the stock?
Overview
Lucid (NASDAQ:LCID) stock was surging this morning, trading 20% higher as of Wednesday noon, after the company categorically denied reports that it was filing for bankruptcy.
For a few chaotic hours on Tuesday, shares of the electric vehicle (EV) maker cratered more than 55%, triggering multiple volatility trading halts as panic struck investors.
Details
After all, an exclusive report from EV news publication, electric-vehicles.com, claimed “sources” to have stated that Lucid had asked AlixPartners to deliver its findings on two options: go private or file for a Chapter 11 bankruptcy.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.