Is CCIV Merging?

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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.

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 happened to Lucid Motors?

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.

Can you buy shares in lucid Motors?

Once your account is fully opened and funded, you can buy and sell shares of stock. No matter if you’re buying shares of Churchill Capital Corp or Lucid Motors on its IPO date, the first thing you need to decide is how many shares you want to buy. Start by setting a budget for your total investment.

Should I buy CCIV before merger?

Although there are numerous positive catalysts on the horizon, CCIV stock isn’t a good buy going into the merger. This is due to the phase of the SPAC cycle it is in. Often, once a company’s reverse merger is completed, its share price tends to drop as retail traders book profits and invest them elsewhere.

Is CCIV a 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.

Is CCIV shorted?

CCIV stock maintained relatively low levels of short interest through mid-March. Short interest had increased notably through that time, but not alarmingly so, coming in at a modest 6.7% on March 15.

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. … Now that work is finally done as the two companies have completed the merger.

Who did CCIV merge with?

Update July 23: After several turbulent days, shares of Churchill Capital Corp IV (NYSE: CCIV) are enjoying some calm after the storm – or anti-climax – after the SPAC= merger with Lucid Motors came through. CCIV – soon to become LCID – is changing hands at around $22.88 early in Friday’s session, a minor change.

Will CCIV merge 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. … If you don’t know by now, Lucid Motors is a luxury EV automaker on the cusp of delivering its first sedan, the Air, “sometime in the second half of 2021.”

How much is CCIV stock shorted?

CCIV has 18.83% of its stock shorted.

Is CCIV a good buy now?

CCIV stock is a good buy now

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Investors who believe in Lucid’s potential to speed up production and deliveries should buy shares now. The company forecasts revenue of $97 million in 2021, $2.2 billion in 2022, and $14 billion in 2025. Lucid is also set to benefit from the Biden administration’s EV policies.

What will CCIV be worth in 5 years?

Based on our forecasts, a long-term increase is expected, the “CCIV” stock price prognosis for 2026-07-22 is 116.401 USD. With a 5-year investment, the revenue is expected to be around +380%. Your current $100 investment may be up to $480 in 2026.

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.

Why is CCIV stock going down?

CCIV stock is dropping due to a market sell-off in small-cap and growth stocks, as well as bearish sentiment building ahead of the shareholder merger vote. The significant fall has pushed CCIV below its 50- and 200-day moving averages, though it now looks to be much more reasonably valued.

Why is CCIV down?

NYSE:CCIV fell by 3.49% amidst another broader market sell off on Thursday. The EV SPAC sector is getting overcrowded as a German automaker weighs its options. EV charging SPAC EVGO gets a massive boost from an iconic auto brand.

Who invested in Lucid Motors?

That’s when Saudi Arabia’s sovereign wealth jumped in with funding. With an ownership stake of more than 60% in Lucid, the kingdom’s Public Investment Fund stands to make a nearly $20 billion profit on an investment of $2.9 billion, according to The Wall Street.

How high can Lucid stock go?

How high can Lucid Motors stock go? Currently, Bank of America has a street-high target price of $30 for Lucid Motors stock. Given the upcoming catalysts, the stock could reach $30 price levels sooner than many anticipate. While the entire EV space might look bloated, LCID doesn’t seem overvalued compared to Tesla.

Who owns Lucid Motors?

The two sides announced a $1 billion deal in September of that year, just a few weeks before Crown Prince Mohammed bin Salman had Washington Post journalist Jamal Khashoggi brutally murdered. That injection of cash, plus subsequent investments from the fund, have given Saudi Arabia majority ownership of Lucid Motors.

What is short stock ratio?

The short ratio is a widely-used tool by short selling hedge funds and other portfolio managers in the stock market. The short ratio indicates the number of shares that investors sell short over the average daily volume of the stock on the basis of 1 or 3 months.

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