Lucid Stock Plunges Over 40% Intraday on Bankruptcy Rumors, Denies Claims

LCID-16.39%
According to EV media, Lucid (LCID) stock plunged over 40% intraday on July 14 after market reports claimed the company was evaluating Chapter 11 bankruptcy or going private. Lucid subsequently denied the rumors as "completely unfounded," recovering part of losses to close down 16% at $4.62 per share.
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