Since the start of this year, CCIV stock has risen 450%, from $10.03 to $55 a share. Lucid is going public to accelerate into the next phase of our growth as we work towards the launch of our new pure-electric luxury sedan, Lucid Air, in 2021 followed by our Gravity performance luxury SUV in 2023. Financing from the transaction will also be used to support expansion of our manufacturing facility in Arizona, which is the first greenfield purpose-built EV manufacturing facility in North America, and is already operational for pre-production builds of the Lucid Air. Churchill Capital Corp IV (NYSE:CCIV) is down 33.33% in premarket trading to $38.44 after the company announced its $11.75B transaction with Lucid Motors . Guides. Vote. And lastly, scaling up its production facility in Arizona, it hopes to ultimately produce 365,000 vehicles per year. 2021 InvestorPlace Media, LLC. #lucidmotors #cciv #ipo. The sharp run-up in the stock price has been fueled entirely by … 0. If they prove to be untrue, Churchill Capital is just another run-of-the-mill SPAC, and CCIV will plunge back to $10. CCIV = 204 '99 JET CITY RECORDS (Producer) - @jetcity204 @brednbutterrec @below_the_surface @phuturecollective @presentlylifted @plenumrecords @saucekitchen @luxerecords @white-noises. Reply. Update: The post-market trading saw a major turnaround in the shares of Churchill Capital Corp IV (NYSE: CCIV), as the bulls fought back control and reversed the intraday drop of 4%. Trump has presented the freezing of US funding to the WHO as a direct response to what he claims was its … Report Save. best. Question. We learned that it hopes to go from nearly 2,000 employees now to 3,000 employees at the end of 2022. Electric vehicle startup Lucid Motors may be nearing a Michael Klein-run SPAC agreement to take the California based company public, according to Reuters. i don't have enough experience in that,so i can't answer to myself my cciv shares go down?? And what else do you need to know about the Lucid Motors SPAC merger? Original Poster 3 days ago. Here’s how they did it, and how you can find the next CCIV. CCIV's stock price has risen rapidly since the Bloomberg report on 1/11/21 of CCIV being in talks to merge with Lucid Motors. SELL NIO? Why did CCIV/WS dip almost 50% ? Question why cciv shares drop down. Posted by 3 minutes ago. CCIV stock is plunging after confirming a Lucid Motors SPAC merger. Many critics say that CCIV is now very over-priced. Determining why a stock drops (or pops) isn’t always an exact science, but there may be one or two reasons in this case. Copyright © Cardano Is Set to Outpace Even the Fastest-Moving Crypto Coins, Reddit Stocks: Why GME, AMC, NOK, BB, EXPR and KOSS Are on a Rocket Ship Again, With the Lucid Motors Merger Confirmed, CCIV Stock Is Your 10X Opportunity, Palantir Grows Into Its High-Priced Valuation. Posted by just now. Gotcha, thanks. However, Klein has tried to temper expectations. CTRM Stock Price Increases Over 10% Pre-Market: Why It Happened, TXMD Stock Price Increases Over 35% Pre-Market: Why It Happened, CCIV Stock Price Increased 12.86% After Hours: Why It Happened, LKCO Stock Price Increases Over 20% Pre-Market: Why It Happened. 1 2. facebook twitter reddit hacker news link. Before making any investment, you should do your own analysis. 3 days ago. mlHc87 OP. Why did CCIV fall after Lucid’s announcement to go public? CCIV’s stock price drop comes off as a surprise reversal as it was surging through February based on speculation that a deal was imminent. Nasdaq CCIV LUCID &TESLA CRASH! Churchill Capital Corp IV (NYSE:CCIV) is down 33.33% in premarket trading to $38.44 after the company announced its $11.75B transaction with Lucid Motors . Close. CCIV stock may be overpriced right now, but if you believe in the EV rollout its underlying business makes sense. 3. This follows a popular Bloomberg article that promised a deal would come soon, likely early this week. Why did CCIV fall after Lucid’s announcement to go public? Sarah Smith is a Web Content Producer with InvestorPlace.com. By Dady CJ On Feb 24, 2021. Press J to jump to the feed. Copyright © 2021 InvestorPlace Media, LLC. This is why it happened. quotes delayed at least 15 minutes, all others at least 20 minutes. CCIV stock may be overpriced right now, but if you believe in the EV rollout its underlying business makes sense. … On the date of publication, Sarah Smith  did not have (either directly or indirectly) any positions in the securities mentioned in this article. CCIV LUCID &TESLA CRASH! Investors are also responding to the PIPE offer price, which is significantly less than the stock price of CCIV: The deal values Lucid at an initial pro-forma equity value of about $24 billion at the PIPE offer price of $15 per share and it will provide Lucid with approximately $4.4 billion in cash (assuming no existing CCIV shares are redeemed for cash at closing). The rally is based on rumors. Don’t buy CCIV stock now. Join investing legend Louis Navellier on March 3 when he unveils his most aggressive — and most exciting — way to play the boom in tech stocks. It looks like valuation concerns — namely that Lucid Motors will come public at an equity value of $24 billion — are spooking the market. Why is the WHO under fire from Trump? Close. Hi all,i have a quick question. What the fuck just happened?!! If they prove to be untrue, Churchill Capital is just another run-of-the-mill SPAC, and CCIV will plunge back to $10. 3 days ago. i'm curious how that happened that such is the company about which there are so many rumors lately, so could sink, so after the announcement of the merger, how is it? Question why cciv shares drop down. Today, Lucid Motors gave us a little bit more insight into its future path. Vote. 2. © 2020 Pulse 2.0 LLC. share. Question. Shares were halted for volatility following the news. The stock price of Churchill Capital Corp IV (NYSE: CCIV) fell by over 35% pre-market as of 5:23 AM ET. Scheduled to expand over three phases in the coming years, our Arizona facility is designed to be capable of producing approximately 365,000 units per year at scale. Apparently whoever did this also came after PSTH at the same time. This is why I think it has no true bearing on CCIV or it's future. It can take up to 10 minutes after pressing the Claim button for items to show up in your Steam inventory. 67% Upvoted. If it was me I would not go all in at once rather split it and keep buying if it's dips even further. PIPE investors include the Public Investment Fund of Saudi Arabia (a major Lucid backer), BlackRock, Fidelity and and Franklin Templeton. EVS ARE FALLING- MAREKT CRASH? Lastly, this transaction further enables the realization of our vision to supply Lucid’s advanced EV technologies to third parties such as other automotive manufacturers as well as offer energy storage solutions in the residential, commercial and utility segments.”, “CCIV believes that Lucid’s superior and proven technology backed by clear demand for a sustainable EV make Lucid a highly attractive investment for Churchill Capital Corp IV shareholders, many of whom have an increased focus on sustainability. EVS ARE FALLING- MAREKT CRASH? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Want to comment? We’ll get to why the share price fell in just a minute, but for now, let’s look at what CCIV’s current share price means for Lucid’s valuation. What Did the Stock Market Do Today? Log In Sign Up. So what do you next? Is the drop this morning a sign to panic and run? In fact, InvestorPlace analyst Luke Lango sees Lucid Motors as the next 10x opportunity. LETS TALK WHY I AM NOT PANICKING. i'm curious how that happened that such is the company about which there are so many rumors lately, so could sink, so after the announcement of … hide. Vote. We are pleased to partner with Peter and the rest of Lucid’s leadership team as it delivers the highly anticipated Lucid Air to market later this year, promising significant disruption to the EV market and creating thousands of jobs across the U.S.”, — Michael Klein, Chairman and CEO of CCIV. Those are all good things. Here are the likely reasons why. They also outline how the PIPE is priced at $15 per share. Question. 11 Tracks. The deal has a transaction equity value of $11.75 billion which includes a cash contribution from CCIV of $2.1 billion, and a PIPE investment of $2.5 billion with a lock-up provision that “binds holders well beyond closing.” Speculation over an agreement had been circulating for more than a month prompting previous spikes in CCIV stock. The rally is based on rumors. Rumors are dangerous. Over the past month, the stock price of CCIV increased by over 129%. Even with dips, it more than doubled in less than a month, ultimately hitting a 52-week high of $64.86 in mid-February. 1125 N. Charles St, Baltimore, MD 21201. Pulse 2.0 is a leading national technology and business news publication located in Ann Arbor, Michigan. It also plans to follow up its Lucid Air with a performance Gravity SUV in 2023. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/cciv-stock-10-things-you-need-to-know-about-the-lucid-motors-spac-merger/. Don’t buy CCIV stock now. SPAC Churchill Capital IV (NYSE:CCIV) jumped 35% on a Reuters report that the company is close to a deal to take Lucid Motors public at a valuation of about $12b. This comes in at a “50% premium to CCIV’s net asset value.”. Disclaimer: This content is intended for informational purposes. Churchill Capital IV (NYSE:CCIV) dropped 5% on WSJ report that talks between the SPAC and Lucid Motors are continuing, though a deal isn't imminent. CCIV dropped because of :Large Print $CCIV Size: 813580 Price: 51.11 Time: 1512 Amount: $41,582,073.80 #lucidmotors #ipo #ccivTC: 200k. LETS TALK WHY I AM NOT PANICKING. Want to learn how to 5X, 10X, even 20X your stock gains? Zoox. CCIV Stock: 10 Things You Need to Know About the Lucid Motors SPAC Merger, that by 2040, Lucid could be worth $600 billion, Louis Navellier and the InvestorPlace Research Staff, Even After Factoring in Higher Rates, Plug Power Stock Is Still a Buy. What the fuck just happened?!! User account menu. CCIV’s stock price drop comes off as a surprise reversal as it was surging through February based on speculation that a deal was imminent. 3d 1. On the date of publication, William White did not have (either directly or indirectly) any … share. Microsoft. If Lucid hits its 2026 revenue target of $23.8 billion, that could be a bargain. Bc I bought. And while the deal will now bring the Tesla (NASDAQ:TSLA) competitor to the public markets, CCIV stock is in a slump. The stock price of Churchill Capital Corp IV (NYSE: CCIV) fell by over 35% pre-market. 22 comments. Rumors are dangerous. Reply. Report Save. save. Share Facebook Twitter Google+ Linkedin ReddIt WhatsApp Pinterest Email Print mlHc87 2d 2 Comments Bookmark; function; Question says it all. But overall, keep the Lucid Motors SPAC merger on your radar. level 1. That is why the group of Reddit posters undoubtedly deserve to be on this list of stock market movers. The potential development sent shares of blank-check company Churchill Capital IV (CCIV) up more than 30% on Tuesday afternoon. The hype, mismatched valuations and leaked deal may have caused an upset this morning. I expect it to drop even more. It seems valuation and production concerns, as well as the general hype surrounding the merger, are weighing on shares. 873fse u b Buy the rumor, sell the news. At the time, there was hope the automaker would announce the deal to its employees first. He wrote that CCIV stock is worth $70 today… and that by 2040, Lucid could be worth $600 billion. How long does it take for drops to show up in my Steam inventory? Lucid Motors and Churchill Capital IV (NYSE:CCIV) confirmed their plans to merge, and CCIV stock is now down more than 30% in pre-market trading. All rights reserved. The 5 minute candle showed 1.9 volume in that red candle followed by 4.9 million in the green one right afterwards. CCIV Stock: The Wall Street Rumor Mill “Buy the rumor, sell the news,” old-time Wall Streeters have long touted. First, it’s likely that some short-term investors purchased CCIV shares solely for the purpose of riding the SPACs share price run-up before the merger, and then cashed out once the deal was announced. According to the press release, the two companies are coming public at a combined equity value of $11.75 billion. Some of the economic forces driving stock prices down this week has to do with climbing Treasury yields and the potential of rising inflation triggering valuation concerns, which hit the shares of major growth companies. Bitcoin fell as much as 18% on Tuesday, the largest intraday drop since January 2018. The day is finally here, but retail investor interest has soured. The stock price fell after it was confirmed that a merger deal was confirmed with Lucid Motors to take the California-based electric vehicle company public. Sort by. All rights reserved. If the item does not show up after 30 minutes then your Steam account may not have been linked to your Twitch account when you claimed the drop. Question says it all. Here's why, and what to know about the EV deal moving forward. share. Stream Tracks and Playlists from CCIV on your desktop or mobile device. Why Did CCIV Shares Drop Sharply After the Announcement? If it was me I would not go all in at once rather split it and keep buying if it's dips even further. After a 38% plunge, Lucid's CCIV merger values the revenue-free company at $57 billion. Question why cciv shares drop down. If they prove to be untrue, Churchill Capital is just another run-of-the-mill SPAC, and CCIV … Investors should note that this is the largest-ever PIPE deal associated with SPACs. The company plans to launch its all-electric sedan, the Lucid Air, later in 2021. CCIV stock was up 30.8% as of Tuesday afternoon. 1125 N. Charles St, Baltimore, MD 21201. Those expired worthless too as a result of the huge drop. CCIV’s stock price drop comes off as a surprise reversal as it was surging through February based on speculation that a deal was imminent. With 1.6 billion shares outstanding (167 million for PIPE shareholders and 1.175 billion for existing shareholders) now trading at about $38 per share (as of this writing), the combined companies’ valuation is an implied $60.8 billion. Why you shouldn’t worry about the price drop The price drop is because people new to space were told to sell on the news and many did not realising the potential value, another reason for this price drop is the PIPE value of 24 billion being used instead of the 11.75 billion of the merger. Rumors are dangerous. “Lucid is proud to be leading a new era of high-technology, high efficiency zero-emission transportation. Why did share prices drop from 26 to 22 instantaneously? 3 Big Stories to Catch Up On. level 1. Over the past month, the stock price of CCIV increased by over 129%. Zoox. Over the past month, the stock price of CCIV increased by over 129%. Log in or sign up to leave a comment Log In Sign Up. Don’t buy CCIV stock now. CCIV Stock Price Falls Over 35% Pre-Market: Why It Happened. 3d 3. 5396 Followers. So what is responsible for the plunge? SELL NIO? level 2 . Lucid also shared some updates about its business. Maybe not. Reports out of Bloomberg indicate a merger between Lucid Motors and Michael Klein's SPAC Churchill Capital Corp. IV could come as soon as Tuesday. Zoox . Hi all,i have a quick question. I expect it to drop even more. I did hear about the mysterious twitter post that was deleted shortly thereafter. It said that right now, it employs nearly 2,000 people. Through a ground-up rethinking of how EVs are designed, our in-house-developed, race-proven technology and meticulous engineering have enabled industry-leading powertrain efficiency and new levels of performance. Press question mark to learn the rest of the keyboard shortcuts . Apparently, this is a question that has gone completely over the masses. mlHc87 3d 27 Comments Bookmark; function; Question says it all.
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