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.
Similarly, What happened CCIV stock?
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 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.
Thereof, Is CCIV undervalued?
CCIV Stock Is Almost 20% Undervalued Ahead of Lucid Motors Merger.
Is CCIV going to go up?
Given the current short-term trend, the stock is expected to rise 18.05% during the next 3 months and, with a 90% probability hold a price between $25.87 and $36.60 at the end of this 3-month period.
Is CCIV still Merging with Lucid Motors?
Churchill Capital (NYSE:CCIV) stock is on the move Friday following news of the special purpose acquisition company (SPAC) closing its merger with Lucid Motors.
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.
Why is lucid stock so low?
It’s worth noting that Lucid has so far stated supply concerns — and not company-specific problems — as the major reason it expects low production this year.
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.
Is Lucid owned by CCIV?
and NEW YORK, July 23, 2021 /PRNewswire/ — Churchill Capital Corp IV (« Churchill IV » or « CCIV ») (NYSE: CCIV), a publicly traded special purpose acquisition company, and Lucid Motors today announced the completion of their business combination, taking public a company that is setting new standards with its advanced …
Will CCIV merge with Lucid?
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.
Did CCIV and Lucid merge yet?
Lucid Group, the company formed after Lucid Motors’ July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company.
How do I buy stock in CCIV?
How to Buy Churchill Capital (CCIV) Stock
- Pick a brokerage. The first step to buying shares of CCIV is to pick a brokerage. …
- Decide how many shares you want. Once you have your own brokerage account opened up, you next need to decide how many CCIV shares you want to buy. …
- Choose your order type. …
- Execute your trade.
Is lucid a SPAC stock?
Lucid, which was called Atieva early on, became a publicly traded company by merging with a SPAC called Churchill Capital. Stock in the Churchill-SPAC traded wildly before the merger announcement, going from $10 a share back in January to more than $60 in a few weeks.
Is CCIV now 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. The SPAC saga of Churchill Capital Corp.
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.
When did NIO go public?
The stock has gained 234.5% from the September 2018 initial public offering price of $6.26 a share. The stock plunged to a low of $1.19 in late 2019, before a state-led capital injection in early 2020 helped shares soar by more than 1,100% that year.
Who is Churchill Capital merger with?
Lucid completed the previously announced merger with Churchill Capital Corp IV on July 23, 2021. The combined company will now operate as Lucid Group, Inc. Lucid will be ringing the opening bell at Nasdaq on July 26 to celebrate the company’s public listing.
Is Lucid Motors better than Tesla?
Lucid Motors Beats Tesla in Range, Going 520 Miles on a Charge, EPA Says – The New York Times. Business|Lucid Motors beats Tesla in range, going 520 miles on a charge, the E.P.A.
What is wrong with Lucid stock?
Lucid Motors reported fourth-quarter and full-year results at the start of the week, which unfortunately caused the stock to drop 15% after earnings were announced. The stock of Lucid Motors fell sharply as a result of the electric-vehicle company lowering its production target for 2022.
Is Lucid a good EV?
Verdict The all-electric Lucid Air is a remarkable first effort from a first-time automaker, and the sizable sedan is also an excellent EV.
Join TheMoney.co community and don’t forget to share this post !