Lucid Group is trading at $7.60 (-6.41%) as the stock pulls back following a significant late-July surge. - The rally, which saw a 21.54% jump on July 28, was primarily fueled by the disclosure of a 5% passive stake by Saudi Prince Alwaleed bin Talal. - The current decline reflects profit-taking and consolidation after the recent momentum-driven gains. - Shares are also contending with ongoing concerns regarding a securities fraud class-action lawsuit and past bankruptcy rumors.