Churchill Capital (CCIV) Stock Attempts To Recover From The Recent Slump

In recent times, SPACs or special purpose acquisition companies have come into considerable focus among investors and for good reason too.

One of the SPAC stocks that could be tracked at this point is that of Churchill Capital Corp IV (NYSE: CCIV), which recovered strongly on Tuesday after having declined quite sharply over the course of the past two weeks. The stock jumped by as high as 6.5% on Tuesday as it seemed to start a recovery. Churchill Capital had completed the acquisition of electric vehicle company Lucid Motors back in February this year.

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However, the Churchill Capital stock suffered as investors seemed to be involved in a selloff in the electric vehicle sector. That hit the company as well and the Churchill Capital stock recorded significant declines. In this situation, it is also necessary to note that Lucid Motors has not yet produced a single car yet. The company is expecting to launch if luxury sedan at some point in the second half of this year.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.