LGI Homes Inc
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Consumer Discretionary : Household Durables | Small Cap Value
Company profile

LGI Homes, Inc. is a home builder and developer. The Company is engaged in the and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania. The Company segments include the Central division, the Southeast division, the Northwest division, the West division and the Florida divisions. The Company's product offerings include entry-level homes, including both detached and attached homes, and move-up homes, which are sold under its LGI Homes brand, and its luxury series homes, which are sold under its Terrata Homes brand. It provides information regarding floor plans and pricing and conducts tours of its homes based on the customer’s needs and budget. It offers move-in ready homes features, including stainless steel Whirlpool appliances, cabinets with crown molding, Moen faucets and Kwikset door hardware.

Postmarket

Last Trade
Delayed
$110.51
-0.12 (-0.11%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$110.63
Day's Change
0.45 (0.41%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
111.90
Day's Low
109.57
Volume
(Light)
Volume:
136,318

10-day average volume:
217,984
136,318

Lucid stock falls after $8 billion shelf offering

7:46 am ET August 30, 2022 (MarketWatch)
Print

Shares of Lucid Group Inc. fell 1.2% toward a 2 1/2-month low in premarket trading Tuesday, after the California-based electric vehicle maker filed a shelf offering for $8.0 billion worth of securities. The offering filed late Monday, which represents about 30% of Lucid's market capitalization of $27.05 billion as of Monday's closing stock price, includes the sale of common and preferred stocks, depositary shares representing preferred stock, debt securities, warrants and purchase contracts. In addition, the company said the offering relates to the issuance of up to 44.35 million shares of common stock, valued at $717.1 million as Monday's closing price of $16.17. Lucid's stock has dropped 18.5% over the past three months through Monday, while the S&P 500 has lost 3.1%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

August 30, 2022 07:46 ET (11:46 GMT)

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