Lucid Group Inc.
(NASDAQ:LCID) shares are bouncing back Wednesday after the company pushed back against a report claiming it was considering going private or filing for Chapter 11 bankruptcy protection.
Lucid stock is showing exceptional strength.
Why is LCID stock up today?
Bankruptcy and Take-Private Speculation Eletric-Vehicles.com reported Tuesday that Lucid was considering going private or filing for Chapter 11, with restructuring firm AlixPartners brought in to advise the company's board and expected to deliver its findings before the board's next meeting.
