10 Stocks With At Least $30 Million In Insider Spending Recently

1. Lucid Group, Inc. (NASDAQ:LCID)

Highest Individual Purchase: $970,894,148.86

Number of Purchases Above $30 million: 1

Market Capitalization: $6.366 billion

With a $970.89 million single investment, Lucid Group is first among 10 stocks with at least $30 million in insider spending recently. This technology company specializes in the design, engineering, manufacturing, and sale of electric vehicles (EVs), EV powertrains, and battery systems. Additionally, it creates proprietary software in-house for its Lucid vehicles. The Newark, California-based company sells its vehicles directly to consumers via its retail network and through online sales including Lucid Financial Services.

Lucid is also one of the 12 best most active stocks to buy now.

On October 10, one insider acquired $970.89 million worth of Lucid shares at a price of $2.59 per share. Currently, the stock is trading at $2.10, having lost 30.46%, since the beginning of the year.

For the full year of 2024, the company disclosed revenues of $807.83 million, compared to revenues of $595.27 million in 2023. Net loss for the year amounted to $3.06 billion, which compares to a net loss of $2.83 billion in the previous year. The company produced 9,029 vehicles in line with the 2024 annual production guidance of approximately 9,000 vehicles, and delivered 10,241 vehicles in 2024. Lucid also announced its 2025 annual production guidance of approximately 20,000 vehicles.

Overall, LCID ranks first among the 10 stocks with at least $30 million in insider spending recently. While we acknowledge the potential of LCID, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LCID but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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