Churchill Capital Corp IV (CCIV) Attempts To Rebound After The Slump

Over the course of the past months, SPAC (special purpose acquisition company) mergers have been in focus among investors and several such stocks have recorded considerable gains. The Churchill Capital Corp IV (NYSE: CCIV) stock is the latest one to have experienced a strong rally in recent days due to an upcoming SPAC merger.

Churchill Capital Corp IV (CCIV) Attempts To Rebound After The Slump

On Friday, the stock jumped by as high as 10% after Lucid Motors sent out a tweet with regards to the imminent SPAC merger. In this regard, it is also necessary to point out that the developments on Friday were particularly beneficial for Churchill Capital since it snapped a two-week losing streak. Prior to Friday, the stock had declined by as low as 50% over the previous two weeks.

SPAC mergers can often unlock considerable value and hence the optimism among investors is understandable. It is likely that the stock is going to focus on Monday and it remains to be seen if the Churchill Capital stock can add to its gains.

Jack Dawkins

Finance and Tech Contributor