The actions of the electric car manufacturer Lucid collapsed this Monday in Wall Street after the group reported that it is the subject of an investigation by the US stock exchange authorities (SEC) on the conditions of its listing.
The action of Lucid fell almost 19% minutes after opening, below $ 40 per share.
The SEC asked the Californian group on Friday for documents about its July merger with Churchill, a SPAC -a type of company created on the stock market precisely so that other firms can enter trading more easily by merging. He also asked for financial projections and some statements.
The company stated in a securities filing that it “fully cooperates with the SEC.”
The New York Stock Exchange started the uneven week this Monday, with the Dow Jones trying to rebound after the losses caused by the appearance of the Omicron variant Covid-19 and the Fed’s change in stance on inflation.
Minutes after opening the index Dow Jones It gained 0.97% but the Nasdaq technology, fell 0.93 percent. The S&P 500 gained 0.13% this Monday morning.
On Friday, the New York Stock Exchange ended sharply lower, weighed down by profit taking as the Covid variant Omicron advances and some nervousness about a potential rate hike by the Federal Reserve American (Fed).
The Dow Jones lost 0.17%, the Nasdaq 1.92% and the index S&P 500 it yielded 0.84 percent.
Reference-www.eleconomista.com.mx