Ok, someone is probably going to jail for this.
Here’s what happened:
$LCID just got absolutely nuked on a rumor that the company is working with restructuring advisors and considering bankruptcy or going private.
The stock dropped 58% in a few minutes.
Then it ripped 93% off the lows in the next few minutes.
All on an unconfirmed rumor. Nothing officially denied. Nothing officially confirmed.
Volatility like this on pure speculation does not just happen. Either someone had serious information ahead of time, or this was straight-up manipulation.
Either way, someone made a fortune in both directions today. And regulators are absolutely going to look at who.
STRAIT OF HORMUZ TRAFFIC TURNS DEFENSIVE
Confirmed crossings fell around 52% week on week between 10–12 July, according to MarineTraffic.
Vessels increasingly favoured Iranian and Dark routes, while IMO and Omani corridor activity dropped to minimal levels.
Despite no confirmed attacks since 27 June, US–Iran tensions and IRGC warnings continue to drive cautious routing.