Lucid Shares Plunge on Bankruptcy Report

Lucid Group shares plunged Tuesday after Electric-Vehicles.com reported that restructuring adviser AlixPartners has been asked to brief the board on options including a take-private deal or Chapter 11 bankruptcy protection. The report, citing unnamed sources, said no board decision has been made.

Lucid shares were recently near $3.05, down about 45% intraday, after touching $2.49.

The company said June 22 it would cut about 18% of its U.S. workforce, eliminate the second shift at its Arizona AMP-1 plant and target $158 million in annualized savings.

Lucid reported Q2 production of 4,774 vehicles and deliveries of 3,953 vehicles, and named Alexander De Bock incoming CFO.

Reuters reported in May that Lucid suspended full-year guidance after a Q1 revenue miss and raised about $1.05 billion in April.

Relevant Companies

Lucid Group (LCID): Shares fell sharply on the restructuring report; any take-private or Chapter 11 process would directly affect equity holders.

Lucid Insider Trading Activity

Lucid insiders have traded $LCID stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $LCID stock by insiders over the last 6 months:

ORI WINITZER sold 1,000 shares for an estimated $6,380

To track insider transactions, check out Quiver Quantitative\'s insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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Lucid Hedge Fund Activity

We have seen 146 institutional investors add shares of Lucid stock to their portfolio, and 122 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MORGAN STANLEY removed 2,286,284 shares (-51.0%) from their portfolio in Q1 2026, for an estimated $21,788,286
AQR CAPITAL MANAGEMENT LLC added 2,209,918 shares (+7103.1%) to their portfolio in Q1 2026, for an estimated $21,060,518
MARSHALL WACE, LLP removed 1,792,363 shares (-66.0%) from their portfolio in Q1 2026, for an estimated $17,081,219
UBS GROUP AG added 1,466,254 shares (+19.1%) to their portfolio in Q1 2026, for an estimated $13,973,400
BNP PARIBAS FINANCIAL MARKETS added 955,848 shares (+95.9%) to their portfolio in Q1 2026, for an estimated $9,109,231
MILLENNIUM MANAGEMENT LLC removed 814,425 shares (-76.9%) from their portfolio in Q1 2026, for an estimated $7,761,470
CITIGROUP INC added 644,179 shares (+67.0%) to their portfolio in Q1 2026, for an estimated $6,139,025

To track hedge funds\' stock portfolios, check out Quiver Quantitative\'s institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Lucid Price Targets

Multiple analysts have issued price targets for $LCID recently. We have seen 4 analysts offer price targets for $LCID in the last 6 months, with a median target of $13.0.

Here are some recent targets:

Michael Ward from Citigroup set a target price of $14.0 on 05/15/2026
Itay Michaeli from TD Cowen set a target price of $7.0 on 05/06/2026
Andres Sheppard from Cantor Fitzgerald set a target price of $14.0 on 05/04/2026
Ben Kallo from Baird set a target price of $12.0 on 04/15/2026