Will Churchill Capital (CCIV) Ever Move Back to $50?

There is a lot of interest in SPAC (special purpose acquisition company) stocks right now among investors and it is understandable, considering the slew of deals that have been completed in recent months.

One of the stocks to have garnered considerable interest in recent days is that of Churchill Capital Corp  IV (NYSE: CCIV). The company is all set to bring Lucid Motors public by way of a merger and that resulted in significant gains in its stock. However, a few weeks ago, the stock corrected sharply and went down by as low as 60% from its highest levels in 52 weeks. That being said, the correction could also prove to be an opportunity for investors who might be interested in getting into the Churchill stock.

Lucid Motors is all set to announce the launch of a new vehicle on March 17 and that is something that could create considerable buzz around the Churchill stock. Hence, investors could consider keeping an eye on it in anticipation of a potential positive trigger.