🔴 Lucid Group is trading 4.1% down today as bankruptcy denials fail to ease liquidity concerns

Lucid Group is trading 4.1% down at $4.43 in after-hours trading as the company's formal denial of bankruptcy rumors fails to reassure investors.

• The luxury EV maker addressed market speculation today, formally denying rumors of financial distress and reiterating that it maintains sufficient liquidity to fund its operations.
• The stock is extending a steep multi-day slide, falling from a high of $6.66 on July 6 to a close of $4.62 on July 14.
• Market sentiment remains bearish as traders appear unconvinced by the company's clarification, maintaining significant downward pressure on the share price.