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Lucid (LCID) stock halted, crashes 40% on bankruptcy report it denies
Lucid (LCID) stock was hit with multiple volatility halts and crashed more than 40% on Tuesday after a report claimed the EV maker was weighing Chapter 11 bankruptcy or going private.
Summary
Lucid (LCID) stock was hit with multiple volatility halts and crashed more than 40% on Tuesday after a report claimed the EV maker was weighing Chapter 11 bankruptcy or going private. Lucid quickly denied the report, calling the speculation “completely false” and pointing to its cash position as evidence it can keep operating well into next year.
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