Churchill Capital (CCIV) Bearish Trend Reversal May Not Come Soon

In recent times, SPACs or special purpose acquisition companies have been in sharp focus among investors and one of the SPAC stocks that could get attention from investors is that of Churchill Capital Corp IV (NYSE: CCIV).

The stock had made considerable gains at the start of the year on the back of the deal with electric vehicle company Lucid Motors. Lucid Motors, which doesn’t generate any revenues yet, seemed to be all set to go public through a merger with Churchill Capital. However, the merger has not yet taken place and that might have been one of the major reasons why the Churchill Capital stock corrected sharply in recent days.

That being said, it is also necessary to note that SPACs and electric vehicle stocks have performed well in recent times, which is why it might not be a good idea to write off the Churchill Capital stock just yet. Experts believe that investors could consider buying the dips.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life