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Why Lucid Group Stock Died Today -- Then Got Better
The Motley Fool· 2025-08-22 18:06
Lucid stock is reverse-splitting its shares. Lucid might avoid delisting this way, but the stock's still a sell.At first, it seemed Lucid Group (LCID -2.63%) investors were in for a very bad day today -- but things are improving.Last night, the luxury electric car company confirmed it will proceed to reverse-split its shares 10 for 1. The split had already been announced a month ago, but management hadn't yet decided to pull the trigger. Once it did, last night, it set the stage for a sell-off of more than ...