CCIV Stock Price: Lucid Motors – Churchill Capital IV surges on tease of an impending merger
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get Premium without limits for only $9.99 for the first month
Access all our articles, insights, and analysts.
UNLOCK OFFER- NYSE:CCIV gained 5.84% on Tuesday as growth stocks continued to fight back from the recent correction.
- CCIV sends a cryptic tweet that has investors buzzing about the upcoming merger with Lucid Motors.
- Lucid is heavily promoting its flagship vehicle ahead of its appearance at a major upcoming auto show.
NYSE:CCIV has seen momentum swing back in its favor, as the stock extended its gains for the fourth consecutive trading session. On Tuesday, CCIV added 5.84% to close the trading day at $19.38, as the stock begins to retrace towards its 200-day moving average. Shares have now gained 12% since Friday, and are seeing a nice bullish reversal as noteworthy announcements continue to emerge from Lucid Motors ahead of its impending merger.
Stay up to speed with hot stocks' news!
One of those announcements came on Tuesday in the form of a tweet from the official Twitter account of Lucid Motors. In the tweet a short video plays in which the letters CCIV morph into the letters LCID, which is expected to be Lucid’s ticker symbol once the merger is completed. The video ends with the words ‘Arriving soon on the NASDAQ’, which was more than enough information to get investors excited and send the stock soaring. CCIV continues to be one of the most anticipated SPAC mergers on the market today, even during a time where many of them have been sold off back down to the NAV price as the SEC looks to add more regulations in the future.
CCIV stock news
Another tweet from Lucid confirmed the appearance of its flagship vehicle the Lucid Air at the upcoming Amelia Concours auto show from May 20-23. It will be one of the closest looks investors will get at the fully functional vehicle, and is just another indication that Lucid is on track to have its cars on the road later this year.
- NYSE:CCIV gained 5.84% on Tuesday as growth stocks continued to fight back from the recent correction.
- CCIV sends a cryptic tweet that has investors buzzing about the upcoming merger with Lucid Motors.
- Lucid is heavily promoting its flagship vehicle ahead of its appearance at a major upcoming auto show.
NYSE:CCIV has seen momentum swing back in its favor, as the stock extended its gains for the fourth consecutive trading session. On Tuesday, CCIV added 5.84% to close the trading day at $19.38, as the stock begins to retrace towards its 200-day moving average. Shares have now gained 12% since Friday, and are seeing a nice bullish reversal as noteworthy announcements continue to emerge from Lucid Motors ahead of its impending merger.
Stay up to speed with hot stocks' news!
One of those announcements came on Tuesday in the form of a tweet from the official Twitter account of Lucid Motors. In the tweet a short video plays in which the letters CCIV morph into the letters LCID, which is expected to be Lucid’s ticker symbol once the merger is completed. The video ends with the words ‘Arriving soon on the NASDAQ’, which was more than enough information to get investors excited and send the stock soaring. CCIV continues to be one of the most anticipated SPAC mergers on the market today, even during a time where many of them have been sold off back down to the NAV price as the SEC looks to add more regulations in the future.
CCIV stock news
Another tweet from Lucid confirmed the appearance of its flagship vehicle the Lucid Air at the upcoming Amelia Concours auto show from May 20-23. It will be one of the closest looks investors will get at the fully functional vehicle, and is just another indication that Lucid is on track to have its cars on the road later this year.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.