The Saudi Pif Again Comes To The Rescue Of Lucid Group Investors
Lucid Group investors received a proverbial dose of sunshine for a change yesterday, which split apart the monotony of recurring new lows for the stock and revitalized the bullish spirits for the FY 2023. To wit, Lucid Group announced yesterday that it has now completed its at-the-market offering announced back in November, raising around $600 million in the process by selling 56.2 million shares. This offering has been a major headwind for the stock in recent weeks....