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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Lucid Group (LCID) Stock?

LCID Lucid Lucid Group Lucid Group, Inc. electric vehicle
Lucid Showroom

Shares of electric vehicle maker Lucid Group Inc (NASDAQ:LCID) are trading higher Tuesday morning, rebounding amid recent volatility. The company last week announced a 1-for-10 reverse stock split.

What To Know: The reverse split, approved by stockholders on August 18, is scheduled to take effect after the market closes on Friday, August 29. The stock will begin trading on a split-adjusted basis on the following trading day, Tuesday, September 2.

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