Lucid Group Inc (NASDAQ:LCID) shares closed down on Wednesday afternoon, extending losses from earlier in the week. Here’s what investors need to know.
What To Know: The electric vehicle maker is still feeling the effects of a 1-for-10 reverse stock split that took effect after Friday’s market close. The move, which consolidated every 10 pre-split shares into one, was designed to boost the per-share price and was met with investor pessimism.
