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.
Image by Paul Brennan from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
