$Lucid Group (LCID.US)$ “The Nasdaq 100 is made up of the la...
$Lucid Group(LCID.US$
“The Nasdaq 100 is made up of the largest non-financial companies listed on the exchange. While there’s no minimum requirement for market value, its stocks must have an average daily trading volume over 200,000 shares to be eligible. They also must be listed on a major exchange for three full months following their initial listing. Lucid qualifies under that criteria. Its larger competitor Rivian Automotive, which went public on Nov. 10, does not.
“The Nasdaq 100 is made up of the largest non-financial companies listed on the exchange. While there’s no minimum requirement for market value, its stocks must have an average daily trading volume over 200,000 shares to be eligible. They also must be listed on a major exchange for three full months following their initial listing. Lucid qualifies under that criteria. Its larger competitor Rivian Automotive, which went public on Nov. 10, does not.
Lucid’s shares have dropped over 30% since their recent high on Nov. 16 amid a Securities and Exchange Commission investigation and a broader decline in momentum stocks. But Nasdaq bases its decisions for inclusion on where the stock closed on Oct. 31 and the shares outstanding as of Nov. 30, so that won’t affect the outcome.”
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Hummphry : SEC subpoena has zero effect as it is included in Nasdaq 100 . It should not get in there if there is shy issues with SEC . Use common sense .