Lucid Group Inc (NASDAQ:LCID) shares are moving in Thursday’s after-hours session after the company announced a reverse stock split.

LCID is underperforming relative to peers. Check the full analysis here.

What Happened: After the market close on Thursday, Lucid announced a 1-for-10 reverse stock split of its common stock and a corresponding reduction of its authorized shares.

The number of authorized shares will be reduced from 15 billion to 1.5 billion to reflect the split. The reverse stock split and share reduction are expected to become effective after the market close on Aug. 29. The company’s stock is set to begin trading on a split-adjusted basis when the market opens on Sept. 2.

The stock split comes with Lucid shares down approximately 30% since the start of the year. The EV maker missed analyst estimates on the top and bottom lines earlier this month when it reported second-quarter results.

Lucid said it produced 3,863 vehicles in the second quarter and delivered 3,309 vehicles. The company also cut its production guidance for 2025 from approximately 20,000 vehicles to a range of 18,000 to 20,000 vehicles. Lucid Gravity production is expected to ramp in the second half of the year.

How To Buy LCID Stock

By now, you're likely curious about how to participate in the market for Lucid -- 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.

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.

LCID Price Action: Lucid shares were up 0.93% in after-hours, trading at $2.11 at the time of publication on Thursday, according to Benzinga Pro.

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