Stock Market Today, July 15: Lucid Spikes 29% After Dismissing Bankruptcy and Take-Private Rumors
Lucid stock surged 29% on Wednesday after the luxury EV maker denied bankruptcy and take-private reports, signaling liquidity extends into next year, today, July 15, 2026.
Overview
Lucid Group (NASDAQ:LCID), a luxury electric vehicle design and manufacturing company, closed at $5.95, up 28.79%. The stock moved after Lucid rejected bankruptcy and take-private rumors. Investors will be watching the company’s liquidity closely over the coming quarters. Trading volume reached 55.6M shares, coming in about 169% above its three-month average of 20.7M shares. Lucid Group IPO'd in 2020 and has fallen 94% since going public.
The S&P 500 (SNPINDEX:^GSPC) rose 0.36% to 7,571, and the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.62% to 26,269. In luxury electric vehicle design, manufacturing, and technology, Tesla (NASDAQ:TSLA) closed at $394.46, down 0.43%, while Rivian Automotive (NASDAQ:RIVN) finished at $17.80, up 1.71%, offering a mixed read on EV sentiment.
Details
One day after EV maker Lucid saw its shares briefly cut in half amid bankruptcy and take-private rumors, the company’s shares rallied 28% to finish higher than they were just two days ago. Lucid’s CEO Silvio Napolia responded to yesterday’s rumors, stating:
Source
Originally published at www.fool.com.