Determining why a stock drops (or pops) isn’t always an exact science, but there may be one or two reasons in this case. © 2020 Pulse 2.0 LLC. #lucidmotors #ipo #ccivTC: 200k. 1 2. facebook twitter reddit hacker news link. On the date of publication, Sarah Smith  did not have (either directly or indirectly) any positions in the securities mentioned in this article. share. Why did CCIV fall after Lucid’s announcement to go public? 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. 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. Pulse 2.0 is a leading national technology and business news publication located in Ann Arbor, Michigan. … 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. Since the start of this year, CCIV stock has risen 450%, from $10.03 to $55 a share. 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. Over the past month, the stock price of CCIV increased by over 129%. CCIV LUCID &TESLA CRASH! If they prove to be untrue, Churchill Capital is just another run-of-the-mill SPAC, and CCIV … I expect it to drop even more. CCIV stock may be overpriced right now, but if you believe in the EV rollout its underlying business makes sense. Question why cciv shares drop down. If it was me I would not go all in at once rather split it and keep buying if it's dips even further. However, it also outlines how Lucid Motors has a, This factors in a $2.1 cash from Churchill Capital and $2.5 billion in a. Lucid and CCIV note that the PIPE deal comes with an investor lock-up provision. LETS TALK WHY I AM NOT PANICKING. save. “Lucid is proud to be leading a new era of high-technology, high efficiency zero-emission transportation. Apparently whoever did this also came after PSTH at the same time. On the date of publication, William White did not have (either directly or indirectly) any … We learned that it hopes to go from nearly 2,000 employees now to 3,000 employees at the end of 2022. Over the past month, the stock price of CCIV increased by over 129%. And lastly, scaling up its production facility in Arizona, it hopes to ultimately produce 365,000 vehicles per year. What the fuck just happened?!! Those expired worthless too as a result of the huge drop. 2021 InvestorPlace Media, LLC. Gotcha, thanks. Copyright © 2021 InvestorPlace Media, LLC. Disclaimer: This content is intended for informational purposes. Question. After great anticipation, the two companies finally confirmed the merger rumors on Monday. Someone picked up 41million shares at $51. mlHc87 3d 27 Comments Bookmark; function; Question says it all. All rights reserved. The hype, mismatched valuations and leaked deal may have caused an upset this morning. With that in mind, here is what you need to know about the Lucid Motors SPAC merger now: In the last few weeks, retail investors and social media users have become detectives, digging into every detail they can find on the rumored deal. Many critics say that CCIV is now very over-priced. 22 comments. But overall, keep the Lucid Motors SPAC merger on your radar. PIPE investors include the Public Investment Fund of Saudi Arabia (a major Lucid backer), BlackRock, Fidelity and and Franklin Templeton. Investors should note that this is the largest-ever PIPE deal associated with SPACs. 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. Close. Guides. level 1. Posted by just now. Press question mark to learn the rest of the keyboard shortcuts . Even with dips, it more than doubled in less than a month, ultimately hitting a 52-week high of $64.86 in mid-February. 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. report. Apparently, this is a question that has gone completely over the masses. best. I did hear about the mysterious twitter post that was deleted shortly thereafter. Close. The main reason for all of the interest in r/WallStreetBets is … I expect it to drop even more. Don’t buy CCIV stock now. Here's why, and what to know about the EV deal moving forward. By Dady CJ On Feb 24, 2021. i don't have enough experience in that,so i can't answer to myself my cciv shares go down?? Report Save. SELL NIO? 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. Reply. Vote. 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. Log in or sign up to leave a comment Log In Sign Up. This is why it happened. 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 . 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. This follows a popular Bloomberg article that promised a deal would come soon, likely early this week. CCIV stock may be overpriced right now, but if you believe in the EV rollout its underlying business makes sense. The rally is based on rumors. Zoox. It seems valuation and production concerns, as well as the general hype surrounding the merger, are weighing on shares. Those are all good things. 5396 Followers. 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. It said that right now, it employs nearly 2,000 people. CCIV = 204 '99 JET CITY RECORDS (Producer) - @jetcity204 @brednbutterrec @below_the_surface @phuturecollective @presentlylifted @plenumrecords @saucekitchen @luxerecords @white-noises. That is why the group of Reddit posters undoubtedly deserve to be on this list of stock market movers. SELL NIO? Is the drop this morning a sign to panic and run? What the fuck just happened?!! Nasdaq Before making any investment, you should do your own analysis. He wrote that CCIV stock is worth $70 today… and that by 2040, Lucid could be worth $600 billion. Lucid also shared some updates about its business. 873fse u b Buy the rumor, sell the news. Stream Tracks and Playlists from CCIV on your desktop or mobile device. However, CCIV stock is plunging. Don’t buy CCIV stock now. The company plans to launch its all-electric sedan, the Lucid Air, later in 2021. The sharp run-up in the stock price has been fueled entirely by … CCIV dropped because of :Large Print $CCIV Size: 813580 Price: 51.11 Time: 1512 Amount: $41,582,073.80 Press J to jump to the feed. 3. Rumors are dangerous. 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. i don't have enough experience in that,so i can't answer to myself my cciv shares go down?? Hi all,i have a quick question. Question why cciv shares drop down. 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. In reports leading up to this announcement, Reuters and Bloomberg cited figures between $12 billion and $15 billion for the public value of Lucid. Rumors are dangerous. share. Zoox . Log In Sign Up. 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 . hide. Why did CCIV fall after Lucid’s announcement to go public? 67% Upvoted. 3 days ago. If they prove to be untrue, Churchill Capital is just another run-of-the-mill SPAC, and CCIV will plunge back to $10. This comes in at a “50% premium to CCIV’s net asset value.”. #lucidmotors #cciv #ipo. Over the past month, the stock price of CCIV increased by over 129%. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. This is why I think it has no true bearing on CCIV or it's future. The stock price of Churchill Capital Corp IV (NYSE: CCIV) fell by over 35% pre-market as of 5:23 AM ET. Reply. 0. Rumors are dangerous. It looks like valuation concerns — namely that Lucid Motors will come public at an equity value of $24 billion — are spooking the market. Microsoft. EVS ARE FALLING- MAREKT CRASH? However, Klein has tried to temper expectations. Electric vehicle startup Lucid Motors may be nearing a Michael Klein-run SPAC agreement to take the California based company public, according to Reuters. 3 days ago. Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Why did CCIV/WS dip almost 50% ? The day is finally here, but retail investor interest has soured. They also outline how the PIPE is priced at $15 per 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. It also plans to follow up its Lucid Air with a performance Gravity SUV in 2023. 1125 N. Charles St, Baltimore, MD 21201. 3d 3. 2. mlHc87 2d 2 Comments Bookmark; function; Question says it all. 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%. 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. Bc I bought. 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 … Maybe not. So what is responsible for the plunge? 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. The rally is based on rumors. Bitcoin fell as much as 18% on Tuesday, the largest intraday drop since January 2018. If Lucid hits its 2026 revenue target of $23.8 billion, that could be a bargain. All rights reserved. If it was me I would not go all in at once rather split it and keep buying if it's dips even further. If they prove to be untrue, Churchill Capital is just another run-of-the-mill SPAC, and CCIV will plunge back to $10. 3d 1. Sort by. Here’s how they did it, and how you can find the next CCIV. The 5 minute candle showed 1.9 volume in that red candle followed by 4.9 million in the green one right afterwards. 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. 1125 N. Charles St, Baltimore, MD 21201. Don’t buy CCIV stock now. Copyright © 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. At the time, there was hope the automaker would announce the deal to its employees first. level 2 . So what do you next? comments. share. Original Poster 3 days ago. 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). 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. Zoox. Here are the likely reasons why. 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. Question. 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. Vote. Want to comment? How long does it take for drops to show up in my Steam inventory? The potential development sent shares of blank-check company Churchill Capital IV (CCIV) up more than 30% on Tuesday afternoon. CCIV stock is plunging after confirming a Lucid Motors SPAC merger. 3 Big Stories to Catch Up On. According to the press release, the two companies are coming public at a combined equity value of $11.75 billion. Question why cciv shares drop down. Vote. mlHc87 OP. Why Did CCIV Shares Drop Sharply After the Announcement? 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. Report Save. EVS ARE FALLING- MAREKT CRASH? CCIV Stock Price Falls Over 35% Pre-Market: Why It Happened. User account menu. CCIV stock was trading at about $23 as it closed out January. The rally is based on rumors. 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. And what else do you need to know about the Lucid Motors SPAC merger? Posted by 3 minutes ago. Shares were halted for volatility following the news. Question says it all. 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. After a 38% plunge, Lucid's CCIV merger values the revenue-free company at $57 billion. It can take up to 10 minutes after pressing the Claim button for items to show up in your Steam inventory. LETS TALK WHY I AM NOT PANICKING. Why is the WHO under fire from Trump? CCIV Stock: The Wall Street Rumor Mill “Buy the rumor, sell the news,” old-time Wall Streeters have long touted. 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. CCIV stock was up 30.8% as of Tuesday afternoon. quotes delayed at least 15 minutes, all others at least 20 minutes. All rights reserved. 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. 11 Tracks. Want to learn how to 5X, 10X, even 20X your stock gains? What Did the Stock Market Do Today? Trump has presented the freezing of US funding to the WHO as a direct response to what he claims was its … 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. In fact, InvestorPlace analyst Luke Lango sees Lucid Motors as the next 10x opportunity. Why did share prices drop from 26 to 22 instantaneously? 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. Share Facebook Twitter Google+ Linkedin ReddIt WhatsApp Pinterest Email Print Today, Lucid Motors gave us a little bit more insight into its future path. Place to discuss CCIV and potential acquisition target Lucid motors. level 1. Sarah Smith is a Web Content Producer with InvestorPlace.com. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/cciv-stock-10-things-you-need-to-know-about-the-lucid-motors-spac-merger/. CCIV LUCID &TESLA CRASH! Hi all,i have a quick question.
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