Why Lucid Stock Is Soaring Today [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
ET, according to data from S&P Global Market Intelligence . It had been up as much as 20.9% earlier in today's trading. In a press release published before the market opened this morning, Lucid announced that it had entered into an agreement to sell preferred stock to Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund (PIF). The Saudi PIF is already the largest stakeholder in the electric vehicle (EV) specialist, owning roughly 60% of the company. Lucid's biggest backer increases support According to the report published by Lucid, the company has agreed to sell $1 billion worth of newly created convertible preferred stock. For investors worried about the company's financial foundations, the latest round of fundraising shows that the EV specialist continues to have strong backing from the PIF. In a note published this morning, analysts at Stifel (NYSE: SF) indicated that they saw the new stock sale as a positive development. Stifel's analysts
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LCID
News
- Lucid Group (LCID) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Why Lucid Group (LCID) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Lucid Stock Has 14% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- S&P, Nasdaq futures advance on tech boost, earnings cheer [Yahoo! Finance]Yahoo! Finance
- Why Electric Vehicle and Battery Stocks Zoomed Higher Today [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 2/21/24 - Miss
LCID
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form DEFA14A
- LCID's page on the SEC website