Lucid (LCID +4.18%) wanted to raise its cash balance ahead of the launch of its Gravity SUV.
*Stock prices used were the afternoon prices of Oct. 16, 2024. The video was published on Oct. 18, 2024.
Massive News for Lucid Stock Investors
By Parkev Tatevosian, CFA – Oct 19, 2024 at 6:15AM
NASDAQ: LCID
Lucid Group
Market Cap
$5.5B
Today's Change
(4.18%) $0.72
Current Price
$17.96
Price as of November 6, 2025 at 4:00 PM ET
A stock sale to raise cash is sending share prices lower.
About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.