Posted 2/17/2024, 2:20:53 PM
Lucid Group Soars as Sovereign Funds Hold Majority Stake, Retail Investors Also Benefit
- Sovereign wealth funds own 60% of Lucid Group shares, giving them significant control and upside potential from the company's growth
- Institutions own 14% and public shareholders own 25%, showing professional and retail investor interest
- Lucid's share price and market cap rose significantly last week, rewarding major shareholders
- CEO and insiders own less than 1% of shares, putting control mainly in hands of large investment funds
- Analyst coverage and forecasts suggest continued confidence in Lucid's future performance and valuation