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 to my Churchill Capital 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 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 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.
Who owns Churchill Capital?
Our founder, Michael Klein, is also the founder and managing partner of M. Klein and Company, which he founded in 2012. M.
Who owns Lucidair?
CEO Peter Rawlinson leads the company
At the helm of Lucid is Peter Rawlinson, a former chief engineer of the Model S under Elon Musk, Tesla’s CEO. He left Tesla after three years, feeling frustrated and limited in his work there.
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.
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.
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 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 Churchill Capital a SPAC?
Churchill Capital has been a popular SPAC stock with retail investors, but it is likely less so after falling 63% from its mid-February peak of $64.84. The SPAC was often a top-mentioned name on Reddit’s Wall Street Bets forum.
Who is Michael Klein?
Michael Klein is managing partner at M. Klein & Company. Launched in 2012, M. Klein and Company is a global strategic advisor to CEOs, boards of directors, governments, and large institutional investors.
What companies does Michael Klein own?
Michael Klein (businessman)
| Michael Klein | |
|---|---|
| Citizenship | Brazilian |
| Alma mater | Paes de Barros University Getulio Vargas Foundation |
| Occupation | CEO of Casas Bahia Chairman of Grupo CB Former Chairman of Via Varejo |
| Years active | 1969-present |
Who makes batteries for Tesla?
Panasonic is the sole maker of the more advanced Tesla battery, ensuring it remains a key supplier to the U.S. company, at least for its pricier models, even as the EV maker seeks out battery suppliers in China and elsewhere.
Who is Tesla’s biggest electric competitor?
Seven electric vehicle companies competing with Tesla:
- Rivian Automotive Inc. (RIVN)
- Lucid Group Inc. (LCID)
- Nio Inc. (NIO)
- XPeng Inc. (XPEV)
- Li Auto Inc. (LI)
- Ford Motor Co. (F)
- General Motors Co. (GM)
Is Lucid overpriced?
Lucid Group (NASDAQ:LCID) stock once traded as high as $57, but it has been struggling for some time. It trades today at something closer to $22.
Why did LCID stock drop?
Shares are falling in after-hours trading because production isn’t ramping up fast enough for investors. Lucid (ticker: LCID) stock rose 10% in Monday’s regular session. That was a good day for shares considering that the S&P 500 and Dow Jones Industrial Average fell about 0.2% and 0.5%, respectively.
Where is LCID located?
Lucid Motors (Nasdaq: LCID) is based in Newark, California, but it chose to build its manufacturing facility in Pinal County, about an hour south of Phoenix. An aerial view of Lucid Motors’ plant in Casa Grande.
Is LCID a SPAC?
$LCID SINCE 7/26/2021 MERGER
Lucid went public on July 26 upon merging with Churchill Capital IV, a special purpose acquisition company (SPAC). That day LCID closed at $26.83. Even prior to the listing, Lucid was closely watched and followed by retail traders.
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