Should I hold CCIV stock through the merger date?

Asked 3 years ago

So, I bought CCIV, but the company seems like they're going to go through a merger. Will the stock drop? Should I hold or sell? Feeling rather uncertain, please help.

Cciv Holding stock Merger

Andrew Moran

Monday, August 02, 2021

Yes, Churchill Capital Corp IV (CCIVC) recently completed its merger with Lucid Motors. On the first day of trading on the Nasdaq Composite Index, the new stock, Lucid Group (LCID), surged 10.6%.
It is a difficult stock to judge because it is purely speculation at this point. It has yet to debut a new electric vehicle, with its Lucid Air still in development.
There is a lot of hype, with some industry observers expecting that it could become one of the top EV companies in the world. Some think it could be the next Tesla Motors (doubtful).
If you do enough research and you are confident about the team's prospects, you should hold it. However, if you have some consternation about the car, you should take the money and run.