GGPI Stock Forecast: Gores Guggenheim dips further as markets brace for FOMC decision
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- NASDAQ: GGPI fell by 0.10% during Tuesday’s trading session.
- Polestar unveils the Polestar 5 prototype ahead of its June debut.
- Tesla CEO Elon Musk has some stark words for some rival EV startups.
NASDAQ: GGPI extended its decline from Monday as the pre-merger EV SPAC stock continues to trade below its $10.00 NAV price. On Tuesday, shares of GGPI inched lower by 0.10% and closed the trading session at $9.93. Tuesday marked the sixth straight losing session for GGPI during the current market weakness.
Stay up to speed with hot stocks' news!
Stocks were mixed on Tuesday ahead of Wednesday’s FOMC announcement on another impending interest rate hike. With inflation for the month of May coming in higher than expected, many predict a 75 basis point hike from the Fed. On Tuesday, the Dow Jones fell by 151 basis points, the S&P 500 dropped lower by 0.38%, and the NASDAQ managed to rise by 0.18% during the session.
Polestar unveiled the prototype for its Polestar 5 sedan model which it will officially debut on June 23rd at the Goodwood Festival of Speed in England. It will be a busy week for Polestar as the company’s merger vote with GGPI will take place on June 22nd, as shareholders determine whether or not to approve Polestar’s listing on the NASDAQ exchange.
GGPI stock price
On Tuesday, Tesla (NASDAQ: TSLA) CEO Elon Musk had some grave words for a pair of startup rivals. In an interview with the Tesla Owners of Silicon Valley group, Musk mentioned that Lucid (NASDAQ: LCID) and Rivian (NASDAQ: RIVN) need to cut their costs or will end up going bankrupt. While both companies have significant investments and big money behind them, it was a grave message on the heels of the bankruptcy of Electric Last Mile Solutions (NASDAQ: ELMS) earlier this week. Tesla, Rivian, and Lucid all traded higher during Tuesday’s session.
Like this article? Help us with some feedback by answering this survey:
- NASDAQ: GGPI fell by 0.10% during Tuesday’s trading session.
- Polestar unveils the Polestar 5 prototype ahead of its June debut.
- Tesla CEO Elon Musk has some stark words for some rival EV startups.
NASDAQ: GGPI extended its decline from Monday as the pre-merger EV SPAC stock continues to trade below its $10.00 NAV price. On Tuesday, shares of GGPI inched lower by 0.10% and closed the trading session at $9.93. Tuesday marked the sixth straight losing session for GGPI during the current market weakness.
Stay up to speed with hot stocks' news!
Stocks were mixed on Tuesday ahead of Wednesday’s FOMC announcement on another impending interest rate hike. With inflation for the month of May coming in higher than expected, many predict a 75 basis point hike from the Fed. On Tuesday, the Dow Jones fell by 151 basis points, the S&P 500 dropped lower by 0.38%, and the NASDAQ managed to rise by 0.18% during the session.
Polestar unveiled the prototype for its Polestar 5 sedan model which it will officially debut on June 23rd at the Goodwood Festival of Speed in England. It will be a busy week for Polestar as the company’s merger vote with GGPI will take place on June 22nd, as shareholders determine whether or not to approve Polestar’s listing on the NASDAQ exchange.
GGPI stock price
On Tuesday, Tesla (NASDAQ: TSLA) CEO Elon Musk had some grave words for a pair of startup rivals. In an interview with the Tesla Owners of Silicon Valley group, Musk mentioned that Lucid (NASDAQ: LCID) and Rivian (NASDAQ: RIVN) need to cut their costs or will end up going bankrupt. While both companies have significant investments and big money behind them, it was a grave message on the heels of the bankruptcy of Electric Last Mile Solutions (NASDAQ: ELMS) earlier this week. Tesla, Rivian, and Lucid all traded higher during Tuesday’s session.
Like this article? Help us with some feedback by answering this survey:
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.