What You Need to Know About CCIV Stock

Filed in Blogs by Ogochukwu Cynthia on December 13, 2022

CCIV stock (Churchill Capital Corp IV)raised more than $1.5 billion, when it went public in July 2020, making it one of the most eagerly anticipated Special Purpose Acquisition Companies (SPACs).

And on February 22, 2021, after the market had closed, Churchill Capital Corp. IV made an announcement regarding its merger with Lucid Motors. As shares continued to drop in price, investors were given a unique chance.

About CCIV Stock

Churchill Capital Corp. IV has experienced the same upward price explosion as almost all other SPAC stocks.

After setting a $10 per share price for its IPO in July 2020, CCIV soared to an all-time high of almost $60 in February 2021.

Churchill Capital announced its intention to merge with Lucid Motors after the market closed on February 22.

Following the announcement of the merger, the price of CCIV stock fell by about 50%, reaching a low of $30 per share. Lucid Motors, an EV manufacturer based in California, was worth about $12 billion after the transaction.

Despite the fact that this purchase had been speculated for some time, the sudden sell-off may simply be a classic sell-the-news response.

In 2007, Lucid Motors was established, and the Lucid Air, its first vehicle, was put into development.

How to buy CCIV Stock

Due to CCIV’s listing on the NYSE, the procedure for purchasing shares is the same as it is for other publicly traded businesses.

Before purchasing CCIV shares, there are three key actions that must be accomplished, and each one needs choice-making on your part:

Locate a broker and register: You must first open a brokerage account on your own behalf. Choose a brokerage that can assist you in achieving your personal investing goals after determining what they are. Make a personal account and connect a bank account.
Deposit money: Now that your brokerage account has been opened and your bank account has been linked, it’s time to make a deposit. Make sure your broker accepts instant deposits if you want to start trading right away. Only deposit money you can afford to lose.
Search CCIV and click “buy.”: You should have no trouble finding shares to buy because CCIV is listed on the NYSE and actively traded. Just Simply click buy after finding the CCIV ticker symbol on your broker’s interface.

Pros of Buying CCIV Stock

Even though the SPAC and electric car markets can be very unpredictable, a Churchill Capital Corp. IV investment could reap the following benefits:

Government intervention: With the Democrats in charge, American energy policy may continue to support manufacturers of electric vehicles. The federal government should attempt to play a more active role in regulating energy in general, especially in light of the power disruptions in Texas. Churchill Capital/Lucid Motors may gain significantly if this leads to increased EV subsidies or other “green energy” legislation.
Market trends: Over the past year, electric vehicle stocks like Tesla (NASDAQ: TSLA) have been among the market’s strongest sectors. As a result of Churchill Capital’s quick action, the stock shot up from $10 to more than $60 in just six months. Churchill Capital may be well-positioned for more gains when they switch to Lucid Motors if Tesla and the rest of the EV market can continue to expand.

Cons to Buying CCIV Stock

Although there is unquestionably a significant potential to investing in Churchill Capital Corp. IV, there are a few hazards to be aware of:

So much rivalry: there happens to be too much competition now that Tesla has recently found success in 2020. By 2021, investors had a wide selection of EV-related stocks to choose from. Lucid Motors may struggle to stand out from the competition if additional competitors keep entering the market. If something goes wrong, you may understand the drawbacks of SPAC/electric vehicle trades by looking at Nikola (NASDAQ: NKLA).
Market Correlation: Owning shares of CCIV exposes you to the risk of a general market correction. The stock fell by close to 50% after the announcement of their merger with Lucid Motors. Because CCIV is such a volatile stock, any significant market dips could lead it to drop significantly.

Now It’s Your Turn

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