Lucid Group (LCID) Announces Pricing of Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Gross Proceeds of Approximately $1.67 Billion

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Go back to Lucid Group (LCID) Announces Pricing of Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Gross Proceeds of Approximately $1.67 Billion

CFRA Reiterates Sell Rating on Lucid Group Inc. (LCID)

October 17, 2024 12:47 PM EDT

CFRA analyst Garrett Nelson reiterated a Sell rating and $2.00 price target on Lucid Group Inc. (NASDAQ: LCID).

The analyst comments "We maintain our 12-month target of $2. LCID shares are down ~14% after announcing a common stock offering of 262.4M shares on Wednesday afternoon. The company... More