#Beem stock price prediction update
#Beem stock price prediction free

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#Beem stock price prediction free

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. The proposed Lucid merger has already been baked into the high price, so investors who want to get in may want to wait, as the stock should continue to decline the longer it goes without an announcement for a merger. CCIV stock forecastīut is CCIV trading at a discount? It is currently one of the highest price SPAC stocks on the market – higher even than Chamath Palihapitiya’s IPOD, IPOE, and IPOF companies. With a manufacturing plant in Arizona nearly ready to start production of its Lucid Air sedan, many investors believed that CCIV would be a chance to get the next parabolic electric vehicle stock at a discount. Lucid is widely viewed as a luxury electric vehicle brand that has a chance to disrupt industry leader Tesla’s (NASDAQ:TSLA) stranglehold on the market. Investors have been piling into the SPAC stock since early January, where the initial rumors of a merger with Lucid were reported. The catalyst for the drop in price was a Wall Street Journal report that the highly anticipated merger between Churchill Capital and upstart electric vehicle maker Lucid Motors is not at all imminent. Shares made a slight recovery near the closing bell after dropping to $27.58 before some investors jumped in at the discounted price. That momentum came to a screeching halt on Wednesday as the stock dropped by 8.25% to close the trading session at $29.49. NYSE:CCIV has finally slowed down after being one of the most popular SPAC targets for investors looking to get in on the ground floor of the up and coming Lucid Motors. CCIV investors were left dissapointed on Wednesday as the Wall Street Journal had dashed hopes of a quick merger with Lucid Motors. Shares are currently trading at $27.87 down nearly 6%.

#Beem stock price prediction update

Update February 4: Shares in CCIV continue to suffer in early trade on Thursday.

Merger talks may yet lead to something but longer timeframe.

Investors had hoped for more news on Lucid merger.NYSE:CCIV dropped by 7% in early trade on Thursday.