For a SPAC that hasn't made a deal (or at least hasn't formally announced one), it's one of the best performers in the space. Controversies over the firm's actual technology, along with accusations against management, led to the company losing a deal with General Motors to build its Badger pickup truck, and reservation deposits being returned. About Churchill Capital Corp IV. Without the deal Churchill Capital IV has to start over, looking for another deal, or end up closing shop and its capital returning to shareholders. That news had much less of an effect on the shares. CCIV stock is plunging after confirming a Lucid Motors SPAC merger. Churchill Capital Corp IV confirms the long-awaited … Forward-Looking Statements Without the deal, this is just another blank-check company that does nothing. The appeal here isn't in Churchill Capital IV. Recently, Rawlinson reiterated the company's plan to focus on luxury vehicles before moving into a broader portfolio. Churchill Capital IV SPAC raised more than $2 billion in 2020. S&P 500 3,876.50 Does Collapse of CCIV Stock Foreshadow the End of the SPAC Craze? Churchill Capital (CCIV) stock is soaring higher on Tuesday following a report that the SPAC is nearing a deal to take Lucid Motors public. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. "StockInvest.us" is a research service that provides financial data and technical analysis of publicly traded stocks. Shares of Churchill Capital (NYSE:CCIV) saw some unusual options activity on Thursday. Tesla has always had a pretty heavy price tag for its shares relative to financial performance. Principally, this is not a done deal. What did the stock market do today? Stock Advisor launched in February of 2002. It’s Not a Good Time to Buy Churchill Capital, How CCIV Stock’s 50% Plunge Shows the Perils and Profits of SPAC Investing, CCIV Stock’s SPAC Circus Is Just Background Noise. If you keep an eye on these four big stories, you can maximize your chance to profit. Here's why, and what to know about the EV deal moving forward. @themotleyfool #stocks $CCIV $GM $TSLA $DKNG $NKLA, How Churchill Capital IV's Soaring Stock Led to a Better Deal for Early Investors, Why SPAC Churchill Capital IV's Stock Is Getting Crushed Today, Lucid Motors Is Going Public: A First Look at a Huge EV Deal, Why Churchill Capital IV Stock Dropped After Finally Confirming Its Merger With Lucid Motors, Lucid Motors to Go Public With Churchill Capital IV Merger, Copyright, Trademark and Patent Information. CCIV Stock is incredibly overvalued, but Lucid Motors' promise could make CCIV a good play later down the line. The demand is for Lucid Motors. Following the unusual option alert, the stock price moved up to $28.84. The SPAC was able to put together a balanced deal that minimized dilution, although speculative investors still got burned. What will the stock market do today? All rights reserved. Investors need to keep this in mind when looking at the stock. Fundamentally, the rally seems ludicrous. Lucid Motors will face very tough competition in the electric vehicle arena, and valuation of CCIV stock remains exorbitant at this point. But what does this mean for CCIV stock? 4 Big Stories to Watch. One way to short a stock is to buy put options. Get Churchill Capital IV Corp (CCIV:NYSE) real-time stock quotes, news, price and financial information from CNBC. With a 5-year investment, the revenue is expected to be around +370.21%. Investors growing increasingly optimistic about the Lucid Motors merger. Market data powered by FactSet and Web Financial Group. Historical performance for Churchill Capital IV Cl A (CCIV) with historical highs & lows, new high & low prices, past performance, latest news. Unusual Options Activity Insight: Churchill Capital. The company's CEO, Peter Rawlinson, is a former chief engineer for Tesla. Churchill Capital Corp IV is based in NY, United States. Wait for the inevitable correction before you buy. If Churchill Capital IV doesn't actually have the Lucid deal, it is not nearly worth the price shares are trading at.
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