When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CCIV - Why SPAC Churchill Capital IV's Stock Is Getting Crushed Today
Lucid Group Inc Com
Shares of special-purpose acquisition company Churchill Capital IV (NYSE: CCIV) were trading sharply lower on Tuesday morning after the company announced a deal to merge with electric-vehicle start-up Lucid Motors.
As of 11 a.m. EST, Churchill Capital IV was down about 26.5% from Monday's closing price.
This might be an extreme case of "buy the rumor, sell the news." Churchill's stock price had soared since Jan. 11, when Bloomberg reported that the SPAC was in negotiations with Lucid.