Lucid Stock Soars. Here’s What Is Happening.

Lucid soared Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired.

Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.80, before being halted just before 1 p.m. It gave back a chunk of those gains, but finished the day up 43% at $12.66. Some 206.43 million shares of Lucid traded Friday, nearly eight times the 65-day average of 26.91 million. The halts continued through out the afternoon, with trading getting stopped 13 times.