Textual content dimension
Lucid shares approximately doubled at points on Friday.
Courtesy of Lucid Group
Lucid
inventory was soaring Friday, a move that is being attributed to unconfirmed rumors that the business could be acquired.
Lucid
(LCID) inventory started off going just immediately after midday Friday, and had nearly doubled, to $17.80, right before staying halted just right before 1 p.m. It has considering that specified back again some of individuals gains, and was up 48% to $13.28 at 2:55 p.m. Some 168.54 million shares of Lucid have been traded Friday, additional than 6 times the 65-day typical of 26.91 million.
Inventory information aggregation internet site The Fly on the Wall attributed the Lucid spike to takeover speculation by inventory investigate web site Betaville. Lucid declined to remark. Betaville did not immediately answer to a request for remark.
Write to Al Root at allen.root@dowjones.com
