Lucid Denies Bankruptcy Rumors as Stock Hits Record Low
Lucid Group's stock cratered more than 50% intraday on bankruptcy chatter before recovering after the EV maker called the rumors false.
Lucid Group had one of those days you don't forget. The EV maker's stock plunged more than 50% intraday as bankruptcy rumors swept through the market, sending shares to a record low. That's the kind of move that shakes out weak hands fast.
The company came out swinging, issuing a direct denial and calling the rumors "completely false." That statement did the job — the stock clawed back the bulk of its losses. But here's the thing: even after the recovery, Lucid still closed at a record low. Denial or not, the damage lingered.
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This is a stock that was already under serious pressure before today. A 50%-plus intraday swing doesn't happen in a vacuum. It signals that a large chunk of the market was ready to believe the worst about Lucid's financial health. When sentiment is that fragile, a rumor alone can be a wrecking ball.
For traders, the takeaway is brutal but clear: Lucid remains a high-risk, high-volatility name. The kind of rumor-driven selloff you saw today can repeat, especially in a stock with thin institutional support and persistent cash-burn concerns hanging over it. If you're holding, you need conviction — and a strong stomach.
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