
Lucid Group Inc (NASDAQ:LCID) shares were initially trading lower Friday morning after the company announced a 1-for-10 reverse stock split of its common stock, set to take effect after market close on August 29.
The stock is now trading flat after Fed Chair Jerome Powell struck a dovish tone at Jackson Hole, signaling that rising risks to jobs and slowing growth could prompt rate cuts, even as inflation pressures from tariffs appear temporary. Here’s what investors need to know.