Lucid Motors
- Lucid stock skyrocketed on Friday on speculation that Saudi Arabia's Public Investment Fund would buy out the remaining stake.
- Saudi Arabia's PIF currently owns 65% of Lucid, and has not confirmed if it will buy the remaining shares.
- Shares were halted 12 times on the New York Stock Exchange Friday afternoon due to increased volatility.
Lucid stock skyrocketed on Friday on speculation that Saudi Arabia's Public Investment Fund may buy out the remaining stake of the electric vehicle maker.
Shares jumped as much as 98% to $17.81 intraday but later pared gains to close up 43% at $12.87.