fxstreet.com 12 Feb, 2021 17:00 am

Churchill Capital Corp IV (CCIV) Stock News and Price

Churchill Capital Corp IV (CCIV) Stock News and Price
Shares in CCIV remain strong on Friday as social media buzz continues to underpin the stock. CCIV has been rumoured to merge with Lucid Motors. News o

CCIV has been rumoured to merge with Lucid Motors.Klein has worked on some of the biggest mergers in history and has previously worked closely with Lucid Motors executives and with Lucid Motors backers, the Saudi sovereign wealth fund.A CCIV share price of $30 values Lucid Motors somewhere around $30-40 billion.If a deal is concluded a short term spike in the share price could be followed by a period of reflection as investors try to put a valuation on Lucid Motors future earnings potential.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.FXStreet and the author do not provide personalized recommendations.

Read full story at fxstreet.com