Lucid Group Just Executed a 1-for-10 Reverse Stock Split. Is This the Catalyst the EV Maker Has Been Waiting for?

A stock split -- one way or the other -- artificially changes a company's stock price and outstanding share count.The electric vehicle (EV) maker Lucid Group (LCID 13.92%) recently executed a 1-for-10 reverse stock split, which will artificially increase its share price and decrease its outstanding share count while keeping the company's market cap unchanged.Stock splits are typically conducted for a specific reason and usually after a big move for a stock. Prior to the reverse split, shares of Lucid were d ...