Here's Why Lucid Group Shares Are Falling

Lucid Group Inc LCID shares are trading lower by 7.08% to $15.02 Tuesday morning after the company filed for a mixed-securities shelf offering of up to $8 billion.

What Else?

Lucid's capital raises could include common stock, preferred stock (including depositary shares), warrants, debt securities (including convertible debt), purchase contracts, and units.

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According to data from Benzinga Pro, Lucid has a 52-week high of $57.75 and a 52-week low of $13.25.