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Stock Market Today, July 16: Lucid Group Surges on CEO's Denial of Bankruptcy and Take-Private Rumors

The Motley Fool·
Stock Market Today, July 16: Lucid Group Surges on CEO's Denial of Bankruptcy and Take-Private Rumors

Lucid Group surged 8.82% on July 16, 2026, after CEO Silvio Napoli publicly denied bankruptcy and take-private rumors that had caused the stock to plunge over 50% earlier in the week. The company faces significant liquidity concerns, with shares down 93% since its 2020 IPO. Investors will await Lucid's full financial results on August 4 for clarity on the company's future direction.

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