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Lucid Stock Defies Post-Reverse Split Trend with Unexpected Rally
Lucid Stock Defies Post-Reverse Split Trend with Unexpected Rally
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BTCCSquare news:
Lucid Group's shares have surged 17% since its 1-for-10 reverse stock split took effect on September 2, defying the typical downward trajectory seen in such corporate actions. The EV maker's stock had plummeted 36.5% between the July 17 announcement and August 29, followed by a 10.8% drop on the split's execution day - a pattern consistent with historical reverse split behavior.
The recent rebound marks a striking deviation from the established post-split playbook where stocks typically continue declining for months. Market participants now debate whether this signals a fundamental turnaround or merely a dead-cat bounce for the struggling automaker, whose shares remain down 31% year-to-date.
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