: Lucid’s stock drops 4% after CFO departure

Shares of Lucid Group Inc. LCID fell 4% in the extended session Monday after the EV maker said that Chief Financial Officer Sherry House has resigned, effective immediately, “to pursue other opportunities.” House will be available as an adviser through Dec. 31 to help with the transition, the company said. Lucid named Principal Accounting Officer Gagan Dhingra as interim CFO while a search for a replacement is underway.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post Market Extra: Inflation traders expect annual core CPI rate to linger a bit above 2% through October 2024
Next post : Dow closes at highest in nearly 2 years as stocks climb for 3rd day