Lucid Group Stock Surges After CEO Denies Bankruptcy and Take-Private Rumors
Lucid Group (LCID) surged over 8% after its CEO, Silvio Napoli, denied rumors of bankruptcy or a take-private deal. The stock had previously dropped more than 50%, prompting trading halts before the company refuted reports from an EV-focused publication.
Topics: bankruptcy rumors CEO statements electric vehicles stock price movement