GraniteShares announced the delisting of its 2x Long LCID Daily ETF (LCDL) from NASDAQ after the fund's net asset value (NAV) turned negative following a complete liquidation of its Lucid Group Inc. (LCID) position at a loss. This negative NAV resulted from market movements impacting LCID, making the fund unsustainable. The ETF, designed for short-term leveraged trading, carries high risk including potential total loss of principal, and is intended for knowledgeable investors. The delisting highlights the risks of leveraged ETFs, especially when underlying stock volatility causes significant losses over time.
Lucid, the luxury electric vehicle maker, saw its stock drop over 50% intraday amid reports it was considering bankruptcy, restructuring, or going private. The company quickly denied these rumors, calling them completely false, which helped the stock...
Lucid Motors' stock plunged more than 55% after reports suggested the company might consider bankruptcy or going private. The electric vehicle maker denied these rumors, stating it has sufficient liquidity for the next year and no plans for bankruptc...
Lucid Motors has denied reports that it is considering filing for Chapter 11 bankruptcy, stating that such rumors are false. The company confirmed it has enough liquidity to operate well into next year and has not formed any special board committee t...
Lucid Motor's stock dropped over 40% with multiple trading halts on Tuesday after reports suggested the company might consider going private or filing for Chapter 11 bankruptcy. Lucid denied these rumors, stating it has sufficient liquidity to operat...
Lucid Group's stock fell more than 3% following its Q2 report showing production of 4,774 vehicles and deliveries of 3,953. The company announced a major leadership reorganization to improve execution and accountability under CEO Silvio Napoli. Despi...
