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Wajeeh Khan

LCID Stock Alert: What to Know as Lucid Slams 'Completely False' Bankruptcy Rumors

Lucid LCID Stock AlixPartners

Lucid (LCID) stock is extending gains on Wednesday as management slammed recent reports that the company is considering Chapter 11 bankruptcy as “completely false.”

As investors cheer the reassurance, LCID is challenging its 20-day moving average (MA), with a decisive break above the $5.67 level expected to boost bullish momentum in the near term.

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