Zinger Key Points
- Lucid announces the resignation of CFO Sherry House. Lucid announces the resignation of CFO Sherry House after-hours on Monday.
- Shares sink over 4.5% in response to the news.
- Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.
Lucid Group, Inc. LCID shares are trading lower in Monday's after-hours session following the company's announcement that CFO Sherry House is resigning to pursue other opportunities.
What To Know: After a rough regular session due to the news that the company will be removed from the Nasdaq-100 Index, Lucid's woes were compounded after-hours by House's resignation, effective immediately.
House will serve in an advisory role through Dec. 31 to assist in the transition of her duties.
As Lucid searches for a CFO to replace House, Gagan Dhingra, the company's current Vice President of Accounting and PAO, will serve as interim CFO and PFO, effective immediately.
Related Link: Oracle Stock Sinks On Mixed Q2 Results: The Details
LCID Price Action: Shares of LCID were down 3.47% at $4.45 in the after-hours session at the time of publication, according to Benzinga Pro.
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