View more in
Economy

Hype or No Hype, Lucid Motors Can’t Evade These Ugly Truths

InvestorPlace
 2 days ago

Cover picture for the articleGiven the recent short squeeze attempts on meme stocks like AMC (NYSE:AMC) and GameStop (NYSE:GME), it’s no surprise that investors have been searching for juice among similar stocks with high short interest. Enter Churchill Capital Corp IV (NYSE:CCIV), a high profile SPAC (Special Purpose Acquisition Company), which currently has 26% of its float in short positions. The upcoming merger between Churchill Capital IV and Lucid Motors has spurred a rally in CCIV stock that could result in a squeeze.

investorplace.com