Lucid Shares Fall to 4-Month Low After Unexpected $1.75 Billion …

Oct 23, 2024 · The analyst said the firm sees the decision to do a 262.4 million shares offering as “a major red flag” given “the precipitous decline for the stock over the past several quarters”. …

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Lucid Shares Fall To 4-Month Low After Unexpected $1.75 Billion …

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Why Lucid Stock Crashed 37.4% In October And Just Hit Its 52 …

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Nov 8, 2024 · October turned out to be the worst month of 2024 so far for Lucid Group ... hit its 52-week low of $2.02 a share on Nov. 6. ... to raise nearly $1.7 billion from the total share …

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Here’s Why Lucid’s (LCID) Stock Is Crashing Today - Electrek

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Oct 17, 2024 · The new share offering comes shortly after Lucid revealed another $1.5 billion commitment from Saud’s PIF. After ending the second quarter with $4.28 billion in liquidity, …

electrek.co

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Why Lucid Stock Is Falling Today | The Motley Fool

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Nov 12, 2024 · Shares of Lucid Group (LCID-1.66%), an electric vehicle marker, tumbled today likely as investors reacted to President-elect Donald Trump's choice to lead the Environmental …

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Why Lucid (LCID) Shares Are Falling Today - Yahoo Finance

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Oct 17, 2024 · Overall, Lucid is expected to raise gross proceeds of $1.67 billion from the offerings. The offering is likely to have a negative impact on its stock price as the newly issued …

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EV-maker Lucid Group's Shares Drop Following Operational Losses

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Oct 16, 2024 · The announced operational loss exceeded analysts' expectation of a $752 million loss. Lucid reported it had $5.16 billion in liquidity, including $4.03 million in cash and …

upi.com

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Lucid CEO Says Wall Street Misinterpreted $1.75 Billion Capital Raise

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Oct 21, 2024 · Lucid last week said the public offering was expected to raise about $1.67 billion, with a 30-day option for underwriter BofA Securities to purchase up to nearly 39.37 million additional shares of ...

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Why Lucid Stock Crashed 37.4% In October And Just Hit Its 52 …

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O ctober turned out to be the worst month of 2024 so far for Lucid ... the stock hit its 52-week low of $2.02 a share on Nov. 6. ... While Lucid expects to raise nearly $1.7 billion from the total ...

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Lucid's Stock Takes A Dive After EV Maker Warns Of Larger Losses

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Oct 17, 2024 · The stock (LCID) tumbled 18% in premarket trading, to put it on track to open at a three-month low. It was in danger of suffering its biggest one-day selloff since it plunged …

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Why Lucid Stock Slumped In March And Continues To Fall

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Apr 8, 2024 · Lucid raised another $1 billion in funding last month. The automaker expects its Gravity SUV to be a game-changer, and plans to start production of it this year. Lucid's sales, …

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Lucid Sparks Selloff With Plan For Dilutive New Stock Sale, Q3 Loss ...

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Oct 16, 2024 · Lucid expects to report a loss from operations in the range of $765 million to $790 million for the quarter ended Sept. 30, compared with analysts' average estimate of $751.65 …

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Why Lucid Motors Stock Dropped Today | The Motley Fool

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Oct 30, 2024 · That's helped lead to a nearly 5% drop in Lucid shares today. As of 2:35 p.m. ET, Lucid stock was still lower by 2.5%. Another almost $100,000 EV. Thus far Lucid has only been selling different ...

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Lucid’s Stock Takes A Dive After EV Maker Warns Of Larger Losses

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The stock tumbled 18% in premarket trading, to put it on track to open at a three-month low. It was in danger of suffering its biggest one-day selloff since it plunged 18.3% on Dec. 9, 2021.

msn.com

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Lucid Shares Fall To All-Time Low On Tumbling Production, …

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Jan 11, 2024 · Lucid said it built 2,391 of its Air sedans in the fourth quarter, a decline of 32% from the year before. Deliveries dropped 10% to 1,734. Deliveries dropped 10% to 1,734.

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Lucid Shares Skid After Revenue Miss, Lower Production Guidance

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Nov 8, 2023 · Shares of electric vehicle maker Lucid Motors fell roughly 10% on Wednesday, a day after the company reported less-than-impressive third-quarter results and cut its …

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Why Lucid Motors Stock Dropped Today - Yahoo Finance

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Oct 30, 2024 · That's helped lead to a nearly 5% drop in Lucid shares today. As of 2:35 p.m. ET, Lucid stock was still lower by 2.5%. ... It has remained low volume as the price range begins at …

yahoo.com

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Why Lucid (LCID) Shares Are Falling Today - Yahoo Finance

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Dec 30, 2024 · Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) fell 5.5% in the morning session after the major indices tumbled (Nasdaq down 1.9%, S&P 500 down 1.7%), …

yahoo.com

FAQs about Lucid Shares Fall to 4-Month Low After Unexpected $1.75 Billion … Coupon?

Why is lucid selling 260 million shares?

That's just over two months after the company said its largest shareholder, Saudi Arabia's Public Investment Fund (PIF), was committing another $1.5 billion to help sustain the company as it works to grow EV sales. Now Lucid is selling more than 260 million new shares to raise . ...

Why did lucid group's share price drop 10% during after-hours trading?

Oct. 16 (UPI) -- California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter. Lucid officials in a securities filing made Wednesday announced an operational loss of between $765 million and $790 million during the third quarter. ...

Why did lucid stock hit a 52-week low?

Investors got a shock when Lucid announced plans to sell shares to raise money, even as its production and delivery numbers continued to disappoint. With Lucid just reporting a significantly large loss for the third quarter, the stock hit its 52-week low of $2.02 a share on Nov. 6. ...

How much money will lucid raise?

Now Lucid is selling more than 260 million new shares to raise . On top of that the company is separately selling another 375 million shares to an affiliate of the Saudi PIF. While the share sales will bring another nearly $1.7 billion into the company's coffers, it will significantly . ...

When does lucid stock close?

Lucid said in a statement that its majority shareholder, PIF affiliate Ayar Third Investment Company, agreed to purchase 373.7 million shares of common stock in a private placement. The transaction is expected to close on October 31, 2024, while the public offering is planned to close “on or around” October 18, 2024. ...

Will lucid Group report a big-than-expected loss?

REUTERS/Hyunjoo Jin/File Photo (Reuters) -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. ...