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Lucid will continue with its pre -announced plan to reflect its shares 10 for 1.
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The price of Lucid, currently, should be about $ 2, closer to $ 20 after the reverse division.
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The reverse division will prevent Nasdaq from a clear stock.
Initially, it looked A clear group (Nasdaq: LCID) Investors were on a very bad day today – but things are improving.
Last night, the luxury electric car company confirmed that it would move to divide its 10 -to -1 shares. The division was already Announce a month agoBut the administration has not yet decided to withdraw the trigger. Once you do so, last night, the theater paves the way for selling more than 5 % in clear stocks this morning.
The good news is that, thanks to the President of the Federal Reserve, Jerome Powell and the comments he made in Federal Reserve A conference in Wyoming earlier today (to this outlet interest rates may It descends in September), the stock market – and this gathering pulls the apparent inventory with it.
The result: starting at 1:30 pm East time, clear stocks “only” decreased 0.7 %.
But let’s focus on dividing the opposite stocks. What does this mean if you have a clear stock?
As the name suggests, the reverse division is the opposite of the division of the normal stock. Instead of dividing each arrow you own into multiple shares, each costs a small part of the original price, this reverse division will stick together every 10 shares of Lucid that you own in one arrow – perfectly at a price of 10 times the cost of the original stocks.
Objective: Raising the price of Lucid – which is at $ 2, the stock is dangerously close to the price of $ 1 in which the Nasdaq Stock Exchange may delete the shares – closer to $ 20 per share, where it must be safe from the clearance.
Note that the reverse division does not change the facts surrounding the company at all. It does not change the fact that Lucid loses $ 2.3 billion a year, and that it burns more than $ 3 billion annually, or at the current burning rates, can run out of Lucid in less than one year.
It also does not make clear stocks more than a purchase.
Before buying shares in the Lucid group, think about this:
the Motley Adviser is a lie The analyst’s team has just identified what they think 10 best stocks For investors to buy now … Lucid Group was not one of them. The ten shares that made the pieces can produce monster revenues in the coming years.
Look at when Netflix This list was submitted on December 17, 2004 … if you invest $ 1,000 at the time of our recommendation, You will have $ 650,499!* Or when Nafidia This list was presented on April 15, 2005 … if you invest $ 1,000 at the time of our recommendation, You will have 1,072,543 dollars!
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