Lucid Group (NASDAQ:LCID) announced yesterday that CFO Sherry House will be stepping down from her position effective immediately. This executive change has sparked concerns among investors, potentially leading to a negative impact on the stock’s performance intra-day today. Currently, the stock is down more than 9%.
However, RBC Capital maintains a positive outlook, suggesting that House might be pursuing other opportunities and that the company continues to be well-managed.
Lucid closed the trading session yesterday with more than a 2% decline following the news that its stock would be excluded from the NASDAQ-100 index.