Churchill Capital Corp. IV has plunged over 50% since announcing long-awaited Lucid Motors deal

Business Insider
Feb 24, 2021, 3:40 pm120 pts
Lucid Air. Lucid Churchill Capital Corp. IV investors are fleeing the name after the Lucid Motors deal. The stock is down over 50% in a two-day slide as investors weigh valuation concerns. CCIV and Lucid merged with a combined pro-forma equity value of $24 billion on Monday. Sign up here for our daily…

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