Stock Track | Lucid Group Soars 5.04% in Pre-market as Uber Discloses 11.5% Stake

Stock Track04-21

Lucid Group Inc (LCID) saw its stock price surge 5.04% during pre-market trading on Tuesday.

The significant price movement follows a disclosure by Uber Technologies that it has acquired a passive 11.5% stake in the electric vehicle maker. According to a regulatory filing, Uber's indirect subsidiary SMB Holding beneficially owns approximately 37.8 million shares of Lucid Group.

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