Lucid Group Inc (NASDAQ:LCID) shares are trading higher Monday. The company announced that it reached an agreement over a trademark dispute.
What Happened: After the market close on Friday, Lucid said it reached an agreement with Gravity Inc., an American manufacturer of high-speed EV charging equipment, regarding use of the "Lucid Gravity" trademark.
Lucid said the agreement allows the company to use the "Lucid Gravity" brand without impinging on Gravity's pre-existing trademark, avoiding a dispute between the two companies. Further details of the agreement were not provided.
"We are pleased to have reached an agreement with Gravity, Inc. Anticipation is building for the Lucid Gravity and we look forward to delivering the world's most outstanding all-electric SUV," said Matt Everitt, general counsel at Lucid.
Is LCID A Good Stock To Buy
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Lucid's page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Lucid does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Lucid will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
LCID Price Action: Lucid Group shares were up 1.92% at $2.66 at the time of publication, according to Benzinga Pro.
Photo: courtesy of Lucid.