Lucid Stock Soars. Here’s What Is Happening.



Lucid


stock was soaring Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired.



Lucid


(LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.80, before being halted just before 1 p.m. It has since given back some of those gains, and was up 48% to $13.28 at 2:55 p.m. Some 168.54 million shares of Lucid have been traded Friday, more than six times the 65-day average of 26.91 million. The halts have also continued, with trading getting stopped 12 times.

Source: https://www.barrons.com/articles/lucid-stock-price-51674851173?siteid=yhoof2&yptr=yahoo