Why Churchill Capital Stock Skyrocketed 34% Last Month

Chris Neiger, The Motley Fool
·2 min read
Why Churchill Capital Stock Skyrocketed 34% Last Month

Shares of Churchill Capital (NYSE: CCIV) popped 34.4% in February, according to data provided by S&P Global Market Intelligence, as investors anticipated the merger of Churchill Capital with the electric vehicle company Lucid Motors. Churchill Capital is a special-purpose acquisition company (SPAC). SPACs are publicly traded companies that exist specifically to eventually merge with private companies that want to go public.