Lucid Group Just Executed a 1-for-10 Reverse Stock Split. Is This the Catalyst the EV Maker Has Been Waiting for?
A stock split — one way or the other — artificially changes a company’s stock price and outstanding share count. The electric vehicle (EV) maker Lucid Group (LCID 13.92%) recently executed a 1-for-10 reverse stock split, which will artificially increase its share price and decrease its outstanding share count while keeping the company’s market cap […]