Why Lucid Stock Crashed 37.4% in October and Just Hit Its 52-Week Low
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Lucid's stock fell by 37.4% in October, reaching a 52-week low due to increasing losses and continued share sales to raise capital.
November 08, 2024 | 6:15 pm
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Lucid's stock experienced a significant decline of 37.4% in October, reaching its lowest point in a year. The drop is attributed to the company's growing financial losses and its strategy of selling more shares to raise funds.
The stock's decline is directly linked to Lucid's financial performance and capital-raising strategy. Increasing losses indicate financial instability, while selling shares can dilute existing shareholders' value, both contributing to the stock's negative performance.
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