Lucid (LCID) removed from Nasdaq-100, CFO resigns

Lucid (LCID) builds 800 EVs at Sudi training facility

California-based Lucid Group (NASDAQ: LCID) revealed Wednesday that the electric vehicle maker has assembled nearly 800 EVs at the companys factory in Saudi Arabia since the locations opening in September. The factory is a teaching location, focused on training over 200 local employees.

Lucids Saudi factory was built with the initial capacity to produce 5,000 EVs a year after the Saudi government pledged to buy up to 100,000 vehicles from Lucid over 10 years.

"The car is fully built in... More

RBC Capital expects Lucid (LCID) to trade down following CFO departure

Electric vehicle maker, Lucid Group (NASDAQ: LCID) announced Monday that CFO, Sherry House will be stepping down from her position effective immediately.

As of December 11, 2023, Gagan Dhingra, who currently serves as Lucid's Vice President of Accounting and Principal Accounting Officer, will assume the position of Lucid's interim Chief Financial Officer and Principal... More

EV maker Lucid's CFO Sherry House to step down

(Reuters) - Lucid Group on Monday said Sherry House would be stepping down as its finance chief, effective immediately, to pursue other opportunities.

The luxury electric car maker said Gagan Dhingra, who is vice-president of accounting, would additionally serve as interim CFO while it searches for a replacement.

Lucid Group (LCID) Announces CFO Departure

Lucid Group, Inc. (NASDAQ: LCID), today announced Sherry House, Chief Financial Officer (CFO) of Lucid Group, Inc. ("Lucid" or the "Company"), informed the Company that she is resigning from her position, effective immediately, to pursue other opportunities. Ms.... More

DoorDash (DASH), MongoDB (MDB) gain on Nasdaq-100 addition

Shares of DoorDash (NASDAQ: DASH) and MongoDB (NASDAQ: MDB) gained 2% and 1.7%, respectively, in early trade Monday on news late Friday they would be added to the Nasdaq-100 Index.

The two stocks, along with CDW Corporation (Nasdaq:... More

Splunk (SPLK), DoorDash (DASH) among stocks added to Nasdaq-100

(Updated - December 11, 2023 5:07 AM EST)

Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.

The following six... More

NASDAQ (NDAQ) Announces Latest Nasdaq-100 Changes

Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.

The following six companies will be added to the Index: CDW Corporation (Nasdaq: CDW),... More

Lucid Group (LCID), Zoom (ZM) among stocks dropped from Nasdaq-100

(Updated - December 11, 2023 5:04 AM EST)

Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.

The following six... More

Rivian (RIVN) gains as Stifel initiates coverage of EVs

Shares of electric vehicle maker, Rivian (NASDAQ: RIVN) jumped nearly 4% in pre-market trading Thursday morning after Stifel initiated coverage of the company with a Buy rating and a 12-month price target of $23.00.

In a note, Stifel highlighted Rivian's recent agreement with Amazon for 100,000 Electric Delivery Vehicles (EDVs). They also pointed out that Rivian's new manufacturing facility, anticipated to launch the R2 line in 2026, is projected... More