Why Lucid Group Stock Sank This Week
Lucid (US:LCID) The Motley Fool·2025-08-01 20:54Can the EV maker follow its uphill path to profitability?Shares of Lucid Group (LCID -1.02%) are trading lower this week, down 17.1% as of 3:37 p.m. ET on Friday. The drop comes as the S&P 500 lost 2.4%, and the Nasdaq-100 lost 2.2%.Lucid has announced plans to initiate a reverse stock split, a move often reserved for companies in danger of delisting from the Nasdaq or NYSE. Its stock is also taking a hit from today's larger macro news.Lucid wants to boost its stock priceThough it still needs to be approved ...