CCIV - Churchill Capital- What is a fair price?
CCIV - Churchill Capital- What is a fair pre-merger price? As investors pile into CCIV, we have to consider that there has not been an official Lucid Motors merger announcement. We also have to consider that other Tesla competitors that are already listed are at this same pre-merger price. NIO is at $54. Xpeng XPEV is at $41. GM is at $52. Meanwhile, CCIV, a company that is not in the automotive industry yet is priced at $58 already. Of course, market cap matters, but does CCIV have an edge on these other companies? All of this makes you think of whether some news or dilution of shares will happen. It is hard to think that CCIV will go above $100 before a merger is even announced. In todays world, anything can happen. I think we would all feel better if the merger is officially announced. Not Financial Advice.
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