Mainstream buyers may order the 406-mile range model starting at $77,400. Opportunity Just as investors lack a financial model to assign a fair value on Tesla stock, the same applies to CCIV shares.

Moreover, when CCIV announced that its target was the up-and-coming Lucid Motors, the stock skyrocketed to as high as $65. However, as I’ve discussed in my previous articles on CCIV, this pick ...

Update May 20: Churchill Capital Corp IV (NYSE: CCIV) has ended Wednesday's session at $18.97, just below the $19 level that has served as a magnet in recent price action.

That could leave CCIV stock stagnating for years, even if the company finds reasonable commercial success. Regardless, investors shouldn’t view CCIV as a $7.5 billion company.

Churchill Capital IV CCIV 25.37 -0.15% Change Even as CCIV dips in early trading, it is riding an upward trend based on exciting news for the company.

Churchill Capital still sits 128% above its redemption price as investors cheer the pending merger with Lucid Motors. Click here to read more about CCIV stock.

CCIV Stock Manipulation Right now, CCIV stock is trading at around $30. That’s down about $27 from the stock’s Feb. 22 closing price of $57.37, or about a 50% decline.

Classically, the next test for CCIV stock is for shares to rally above its June high and form a higher-low if we’re to see a textbook uptrend pattern. But it doesn’t have to play out like that.

The Bears “CCIV stock finds itself in a less-than-enviable position. Sure, shares are up over 97% on a year-to-date basis, that’s always a positive.