Why Churchill Capital Corp IV Shares Are Trading Higher Today

Churchill Capital Corp IV CCIV shares are trading higher as traders circulate speculation that the company's SPAC merger partner Lucid Motors could partner with Apple.

Churchill Capital Corp IV is a blank check company. The company is merging with Lucid Motors, an electric vehicle company.

Churchill Capital's stock was trading approximately 14% higher on Monday at $23.40 at the time of publication. The company set a new 52-week high today at $64.86 and a 52-week low of $9.60.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.