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.

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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.

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

• Churchill Capital IV SPAC Merger With Lucid Motors Is Undervalued
• CCIV Stock: What Is the Big Lucid Motors News Coming on March 17?
• After Investors Sold the News, Consider Churchill Capital IV Stock a Buy
• The 17 Best EV Stocks to Buy on the Dip
• Churchill Capital Stock Is a Pure Bet on the 1 Percenters

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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Source: InvestorPlace