Lucid Motors just received their first Analyst Rating and endorsement from Evercore ISI, but what are their key reasons for being bullish on the CCIV Stock? BREAKING.
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Evercore ISI recently gave a massive endorsement to CCIV, stating that they were impressed with Lucid's number of pre orders, their New York studio and specific points about the Lucid Air car.
I also talk about the recent CCIV gains and how this stacks up for the price graph.
CCIV also has some incredibly bullish options, with a MASSIVE Put/Call ratio and tons of open options for mid July, clearly, they are expecting some massive price gains around the time of the merger.
If we look at the volume shelf and chart for CCIV, there is very little volume between the $30/40 and $50/60 area, as the CCIV stock spent only a few days in that region, therefore CCIV wants a gap fill.
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