Lucid Group (NASDAQ:LCID) Shares Down 5.6% on Insider Selling
Lucid Group, Inc. (NASDAQ:LCID – Get Rating)’s share price was down 5.6% during trading on Monday following insider selling activity. The company traded as low as 8.19 and last traded at 8.19. Approximately 605,872 shares traded hands during trading, a decline of 97% from the average daily volume of 23,798,568 shares. The stock had previously closed at 8.68.Specifically, SVP Michael Bell sold 12,574 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of 8.57, for a total transaction of 107,759.18. Following the sale, the senior vice president now owns 1,261,950 shares in the company, valued at approximately 10,814,911.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 62.50% of the company’s stock.