shares of lucid group inc lcid rocketed 627 in very active afternoon trading paring an earlier intraday gain of as much as 978 prior to its latest trading halt for volatility the electric vehicle and battery pack maker’s stock was trading down on the day until just before 11 am eastern the gains started accelerating a little after noon the really took off just before 1 pm trading volume ballooned to 995 million shares already more than triple the fullday average the stock has been halted nine times for volatility since 1256 pm the company said before the stock market opened that it opened its first retail studio and service center in montreal there were also multiple media reports that cited a betaville report that a saudi arabiabased investment fund was looking to take lucid private a lucid spokesperson said the company doesn’t comment on rumors or speculation a company filing with the securities and exchange commission from dec 28 showed that the public investment fund pif of saudi arabia owned 111 billion lucid shares or 607 of the shares outstanding which the pif said was made for “investment purpose” the stock has more than doubled in january up 1144 but was still down 490 over the past 12 months while the sp 500 spx has lost 58 the past year