Lucid Stock Rebounds After Denying Bankruptcy Rumors

Lucid Group's stock rebounded by over 17% after denying false bankruptcy rumors that had caused a sharp decline in its shares the previous day. The company clarified it is not considering Chapter 11 or going private, and reaffirmed $4.7 billion in liquidity as of early May.

By Howard Smith · Motley Fool ·

Lucid Stock Rebounds After Denying Bankruptcy Rumors

Tickers: $LCID $UBER

Topics: bankruptcy rumors EV industry Lucid Group trading halt

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