Now that work is finally done as the two companies have completed the merger. 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.
Similarly, What will CCIV new ticker be?
Churchill Capital IV shareholders have voted in favor of merging with Lucid. The stock will change its ticker symbol to « LCID » on Monday.
Is CCIV still merging with Lucid Motors? After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved.
Thereof, Will CCIV become LCID?
CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible.
What happens to my CCIV stock after merger?
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.
Is CCIV a good 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.
Should I buy CCIV stock before the merger?
The company has a strong and experienced team that could turn the projections and goals into a reality but I would recommend investors to wait for the merger to complete before investing in CCIV stock.
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.
How much is CCIV stock today?
Key Turning Points
| 52-Week High | 64.86 |
|---|---|
| Fibonacci 50% | 37.23 |
| Fibonacci 38.2% | 30.71 |
| Last Price | 24.25 |
| 52-Week Low | 9.60 |
Is CCIV long-term hold?
After it’s merger with EV maker Lucid Motors, investors hope that the stock prices will grow over time. However, because Lucid Motors is a startup, it might take a while for it to gain standing in the EV market. Therefore, the CCIV is a good long-term stock that requires a patient investor.
Is CCIV a good long-term stock?
If you are looking at CCIV stock as a long-term investment, there will probably be a more attractive entry point. This could happen between now and the completion of the deal. It is certainly a top EV stock to watch from now on, but not quite the price that investors are paying right now.
Is CCIV buy sell or hold?
The Churchill Capital Corp IV stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Why do stocks dip after merger?
When one company acquires another, the stock price of the acquiring company tends to dip temporarily, while the stock price of the target company tends to spike. The acquiring company’s share price drops because it often pays a premium for the target company, or incurs debt to finance the acquisition.
How many lucid shares does CCIV have?
Moreover, the PIPE investors, who are bringing in $2.5 billion in crucial liquidity, also need to be issued new shares, to the tune of 166.66 million. Assuming no redemptions, 1.595 billion Lucid Group common shares will have to be issued in total upon the close of the merger agreement.
What does Churchill Capital Corp IV do?
About Churchill Capital Corp IV
Churchill Capital Corp IV was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Who bought CCIV?
Buy Churchill Capital IV (CCIV) On $12B Lucid Motors Merge Report.
How much of Lucid will CCIV own?
Factoring in for the 19.1% ownership interest in Lucid by CCIV shareholders, Lucid is coming to market at an implied valuation of $42 billion. At this price, Lucid would trade at the same market capitalization as Tesla in 2017.
When did CCIV become LCID?
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.
Why is CCIV stock going up today?
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.
Who is CCIV stock?
Churchill Capital Corp IV(CCIV)
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.
When CCIV become Lucid?
Shares of common stock and warrants of the post-combination company, renamed Lucid Group, Inc. (« Lucid »), will be listed on The Nasdaq Stock Market LLC (« Nasdaq ») beginning on July 26, 2021 under the ticker symbols « LCID » and « LCIDW, » respectively. Units will no longer trade separately.
What will lucid stock be worth in 5 years?
The LCID (“LCID” ) future stock price will be 119.160 USD in 5 years. The long-term earning potential is +7.44% in one year. Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC – a move that attracts even more retail traders.
Is CCIV a buy Zacks?
The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
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