Full Answer
Should you buy CCIV stock?
Feb 23, 2021 · Here's why investors may be disappointed in the deal. ... the PIPE investors are buying in at $15 per share due to the meteoric rise in the stock over the past month. ... CCIV *Average returns of ...
Is CCIV stock a good buy?
Feb 23, 2021 · Shares of special-purpose acquisition company Churchill Capital IV ( CCIV ) were trading sharply lower on Tuesday morning after the company announced a deal to merge with electric-vehicle start-up ...
Should I buy CCIV?
Apr 16, 2021 · CCIV stock pulled back despite the overall market pushing up. CCIV will be merging with Lucid Motors and making a new ticker symbol. I bought the dip on CCIV...
What happens to CCIV stock after the Lucid Motors merger?
Feb 19, 2021 · LUCID MOTORS AND CCIV MERGE UPDATE! WHY DID WE DROP? CCIV STOCK UPDATEGet One FREE Share Valued Up To £100 When Opening A …
What happened to stock CCIV?
As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.Jul 23, 2021
Why did CCIV price drop?
The stock price fell after it was confirmed that a merger deal was confirmed with Lucid Motors to take the California-based electric vehicle company public. CCIV's stock price drop comes off as a surprise reversal as it was surging through February based on speculation that a deal was imminent.Feb 23, 2021
Why did CCIV drop after merger?
Why CCIV Stock Fell Ostensibly, that was to benefit PIPE (private investment in public equity) who invested alongside the SPAC merger at a price of $15 per share. Short-sellers, as always in this market, have been blamed.Mar 8, 2021
Is CCIV a good stock to buy?
I personally would rate CCIV a hold for most, and a potential buy for those with some appetite for risk who are looking for an investment with a strong return outlook in a bullish scenario.May 17, 2021
Is CCIV a meme stock?
Not a Good Time to Be a Meme Stock Many will likely question my assertion that CCIV stock is a meme name., but the shares have gotten their fair share of mentions on Reddit. Given the stock's gigantic valuation, I think it's highly likely that meme investors have piled a large amount of money into the shares.Jul 16, 2021
Why did Churchill Capital plunge?
Shares of Churchill Capital Corp IV plunged 38% Tuesday, following its announcement that it would merge with luxury electric car company Lucid and take it public. The California-based car company has caught the fancy of investors who have high expectations for its electric vehicles that are not yet in production.Feb 24, 2021
Did CCIV merge with Lucid Motors?
Lucid Group, the company formed after Lucid Motors' July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company.Jul 27, 2021
When did CCIV go public?
Lucid Motors will be going public through a SPAC merger with Michael Klein's Churchill Capital Corp IV (NYSE: CCIV) on July 23.
What will happen after CCIV merger?
Should the merger be approved by investors (which it likely will be), CCIV will cease to trade, and shares will be converted to LCID, which will trade on the NYSE starting July 23.Jul 19, 2021
Is CCIV a good long term hold?
Therefore, the CCIV is a good long-term stock that requires a patient investor. It has been a rough couple of months for both the electric vehicle market and SPACs.May 24, 2021
Will the CCIV stock go up?
Will Churchill Capital Corp IV stock price grow / rise / go up? Yes. The CCIV stock price can go up from 24.250 USD to 42.323 USD in one year.
Why is CCIV going up?
CCIV stock is getting a boost as investors salivate at the potential valuation of a special purpose acquisition company (SPAC) merger with electric vehicle (EV) maker Lucid Motors. The goal is for the SPAC to take Lucid Motors public with a reverse merger.Jun 2, 2021
The rollercoaster ride continues for shares of this SPAC rumored to be in talks to merge with a promising electric vehicle maker
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
What happened
Shares of special purpose acquisition company (SPAC) Churchill Capital IV ( NYSE:CCIV) started a sharp increase on Jan. 11 when rumors that it was in talks to merge with luxury electric vehicle (EV) maker Lucid Motors began to spread.
So what
In addition to the merger rumor, news that Lucid was in talks with Saudi Arabia's sovereign wealth fund to build a new EV factory in the kingdom spurred strong gains in Churchill Capital shares earlier this week. The Saudi fund is already a large investor in Lucid Motors.
Now what
Bloomberg originally reported the rumor of talks between Lucid Motors and the SPAC formed by Wall Street veteran Michael Klein. The report indicated a transaction that could be valued at up to $15 billion. But the transaction doesn't necessarily make sense for Lucid.
How much is Churchill's market cap?
As of 11 a.m. EST, Churchill's market cap was about $10.9 billion. That implies a market cap for the post-merger company of around $68 billion. Even in this market, that's pretty high for a company that has yet to deliver a car.
Who is John Rosevear?
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
Where is Tesla made?
Led by Peter Rawlinson, who previously was the chief engineer of Tesla ( NASDAQ:TSLA) groundbreaking Model S, the company has a nearly completed factory in Arizona, more than 400 patents on its next-generation EV technology, and plenty of reservations for its first model, the Air luxury sedan.