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Tesla CEO Elon Musk Takes a Shot at EV Rival. Lucid Stock is Down.

Lucid Stock Soars. Here’s What Is Happening.

Chrys Hendricks by Chrys Hendricks
January 27, 2023
in Business
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Lucid


stock was soaring Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired.



Lucid


(LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.80, before being halted just before 1 p.m. It has since given back some of those gains, and was up 48% to $13.28 at 2:55 p.m. Some 168.54 million shares of Lucid have been traded Friday, more than six times the 65-day average of 26.91 million.

Chrys Hendricks

Chrys Hendricks

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