CCIV - Churchill Capital Corp IV rallies 12% on increased Lucid deal hopes

Churchill Capital Corp IV (CCIV) pops in early trading after Bloomberg reports that a consortium led by Venrock Associates proposed to sell its Lucid Motors (LUCIDM) stake to Churchill on January 11. Financial terms were not disclosed. Traders are sizing up that nugget as heightened interest from Churchill and appear to be assigning a higher probability for a final deal. CCIV +12.35% premarket to $35.30. Also in EV world today, Morgan Stanley is out with bullish calls on Fisker and QuantumScape.

For further details see:

Churchill Capital Corp IV rallies 12% on increased Lucid deal hopes