Lucid Group Inc ( LCID ) shares closed down on Wednesday afternoon, extending losses from earlier in the week. Here’s what investors need to know.

What To Know: The electric vehicle maker is still feeling the effects of a 1-for-10 reverse stock split that took effect after Friday’s market close. The move, which consolidated every 10 pre-split shares into one, was designed to boost the per-share price and was met with investor pessimism.

Adding to the pressure, Lucid recently lowered its 2025 production guidance, a decision that followed a disappointing second-quarter earnings report. The company now targets just 18,000 to 20,000 vehicles for the year, a significant reduction that has dampened sentiment. The stock has fallen over 30% year-to-date as it navigates a challenging market.

Benzinga Edge Rankings: Highlighting the stock’s recent decline, Benzinga Edge data shows Lucid with a Momentum score of just 10.50.

LCID Price Action: According to data from Benzinga Pro, Lucie shares closed down 4.95% to $16.79 on Wednesday afternoon. The stock has a 52-week high of $42.85 and a 52-week low of $16.76.

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How To Buy LCID Stock

By now, you're likely curious about how to participate in the market for Lucid Group ( LCID ) — be it to purchase shares or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Lucid Group ( LCID ), which is trading at $16.99 some time on Wednesday, $100 would buy you 5.89 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading — either way, it allows you to profit from the share price decline.

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