fxstreet.com 02 Feb, 2021 12:00 am

Churchill Capital Corp IV gains by 10.14% as rumors fuel Lucid Motors merger

Churchill Capital Corp IV gains by 10.14% as rumors fuel Lucid Motors merger
NYSE:CCIV has quickly become the hottest new SPAC or Special Purpose Acquisition Company on the market as social media platforms such as Twitter (NYSE

The surge is built upon the speculation of a reverse merger with luxury EV company Lucid Motors.That social media influence seems to believe that Churchill Capital Corp IV is set to merge with the luxury electric vehicle maker Lucid Motors.CCIV stock forecast The current price levels of CCIV surely indicates that investors strongly believe that Lucid Motors will inevitably be the merger target.NYSE:CCIV has quickly become the hottest new SPAC or Special Purpose Acquisition Company on the market as social media platforms such as Twitter (NYSE:TWTR) and Reddit have added to its momentum.

As we have seen this past week, the power of social media can heavily influence the price and performance of a given stock.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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