Post by Augustine Chiagozie (@pabloexchange)

⚠️ Lucid Lost 58%... Then Surged 93% In Minutes
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Lucid ($LCID) had one of the wildest trading sessions of the year after reports claimed the company was working with restructuring advisers and considering either bankruptcy or going private.
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The stock collapsed 58% within minutes.
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Then, just as quickly, it rebounded 93% from the lows.
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The company has neither confirmed nor denied the reports, leaving traders with nothing but speculation.
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Moves like this create huge opportunities, but they also raise serious questions.
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If the rumor was false, regulators will likely examine whether the market was manipulated.

If the rumor was true, they'll want to know whether anyone traded on material non-public information before it became public.
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Either way, millions of dollars changed hands in just a few minutes, and today's trading activity will almost certainly attract regulatory attention.

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