Be Careful With CCIV Stock, While the Lucid Deal's Still Pending
March 10, 2021 Churchill Capital IV (NYSE: CCIV) stock has been one of the hottest ones out there. After rumors began to circulate in January about its intentions to make EV (electric vehicle) startup Lucid Motors its target, investors sent shares to the moon. Source: ggTravelDiary / Shutterstock.com Rapidly rising from its $10 per share offering price, this blank-check company reached prices nearing $65 per share. But, once the rumors became confirmed, investors cashed out in a big way. Falling 38.6% on Feb. 23 alone (when the deal was officially announced), CCIV shares have ...
Source: investorplace.com