Workflow
Should You Buy Lucid Stock Ahead of Its 1-for-10 Reverse Stock Split?

Shares are at all-time lows, but there's a big reason to wait.Electric vehicle (EV) manufacturer Lucid Group (LCID -4.11%) is making headlines again... but not the kind investors like to see.The maker of the luxury Lucid Air sedan and Lucid Gravity SUV is implementing a reverse 1-for-10 stock split, effective at 5 p.m. on Friday, Aug. 29. Reverse splits often mean a company's in trouble, and indeed, the stock price has fallen by more than 30% since the company announced the reverse split on July 17. But wit ...