Lucid Group Surges to 28th in Trading Volume with $29.22 Billion Day

On July 17, 2025, Lucid Group (LCID) saw a significant surge in trading volume, reaching $29.22 billion, marking a 1509.09% increase from the previous day. This substantial rise placed Lucid at the 28th position in terms of trading volume for the day. The stock price of Lucid Group (LCID) increased by 36.24%.

Lucid Group has filed a preliminary proxy statement with the SEC to initiate a plan for a reverse stock split. The company aims to make its common stock more attractive to a broader range of investors by implementing a 1:10 reverse stock split. This move is intended to broaden the appeal of the stock to new investors and potentially increase its market value.

Lucid is seeking shareholder approval for the proposed 1:10 reverse stock split. The company has made the preliminary proxy statement available on the SEC website and its investor relations page. A definitive proxy statement will be issued in the near future, providing more details on the voting process and the impact on ownership.