Why Lucid shares are tanking today
- Date: 01-Sep-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Saudi Arabia
Why Lucid shares are tanking today
Lucid Motors (LCID) shares are down about 10% today. The stock is under pressure because a lockup period has expired for some of the electric vehicle company's big investors.
PIPE shareholders, which stands for private investment in public equity, are allowed to sell for the first time since Lucid went public via a SPAC in July. Shares fell as much as 19% on Wednesday morning, their lowest price since listing on the Nasdaq.
Select Sector 
Select Country 
