CCIV Stock: Why Churchill Capital Shares Were Sliding Lower Today

Churchill Capital (NYSE:CCIV) stock took a dive in morning trading on Thursday alongside much of the market on concerns of a crash.

A photo of the Lucid Motors Air EV from 2018.

Source: ggTravelDiary / Shutterstock.com

Talk about a stock market crash is trending on Twitter (NYSE:TWTR) this morning from investors and users that have concerns about recent movement in the market. That includes e-commerce companies taking a beating this week on news of some states lifting coronavirus restrictions.

Churchill Capital’s fall today also matches dips seen by the S&P 500 and Dow. While it’s true CCIV stock was down earlier, it has more than recovered alongside those two indices as the market bounces back in afternoon trading.

It’s also worth pointing out that some pullback for electric vehicle (EV) stocks could be behind the negative movement for CCIV stock today. That comes from sellers exiting the stocks for other investments. However, some analysts believe that there’s still massive room for growth with EV stocks. Wedbush analyst Daniel Ives says those leaving now are doing so prematurely. This matters to the special purpose acquisition company (SPAC) as it’s preparing to merge with EV company Lucid Motors.

Investors that are looking to learn more about CCIV stock can check out recent coverage from InvestorPlace below.

CCIV stock was up 3.4% as of Thursday afternoon.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.


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