Stock Alert: Churchill Capital Corp IV Touches New 52-week High

Shares of Churchill Capital Corp IV (CCIV), a special purpose acquisition company, are rising almost 13 percent or $1.68 in Tuesday’s morning trade at $14.88, after hitting a new 52-week high of $15.63.

Bloomberg reported Monday, citing people familiar with the matter, that Churchill Capital Corp IV is in talks to take electric vehicle maker Lucid Motors Inc. public in a transaction that could be valued at up to $15 billion. Churchill Capital Corp IV was formed by former Citigroup banker and Wall Street veteran Michael Klein.

Churchill Capital Corp IV has traded in a range of $9.60 to $15.63 in the past 52 weeks.

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