EV maker Lucid surges on report Saudi PIF to buy remaining stake
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Lucid (LCID) up on SAPIF takeover speculation
January 30, 2023 8:14 AM ESTShares of Lucid Group (Nasdaq: LCID) jumped as much as 98% intraday on Friday before settling up 43% following a Bloomberg report that highlighted speculation by Betaville that Saudi Arabias Public Investment Fund (SAPIF) was in talks to take the electric vehicle company private.
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