SPAC Tracker: Churchill Capital IV Falls Below $30

These are the top SPAC stocks to watch and their performance from this past week by the percentage change including NextGen SPAC, Churchill Capital IV and more.

Author:
Danny Peterson
Updated:
Feb 24, 2021 2:10 PM EST
Original:
Feb 23, 2021

The worst kept secret in the stock market for SPAC developments has been the expected merger deal of Lucid Motors and Churchill Capital Corp IV. Churchill Capital IV has raised over two billion for the deal to take the EV company public. Lucid Motors confirmed the deal late Monday night.

Real Money columnist Tim Collins shared his best SPAC investment opportunities on Tuesday including Ceres Acquisition Corp., Trident Acquisition and more.

If you're looking for the stock picks for SPACs in 2021, TheStreet's James 'RevShark' DePorre recently shared his top stock picks for SPACs in 2021. DePorre looks for SPACs to continue to be a major trading theme in 2021.

For more in-depth coverage of the SPAC sector including buy and sell recommendations and investment strategies, subscribe to read Real Money daily.

Here is a list of some of the top SPAC stocks to watch over the next week of trading.

Churchill Capital Corp IV - CCIV

Lucid Motors announced it will go public via a SPAC deal with Churchill Capital Corp IV late Monday night. Michael Klein's SPAC has raised two billion for the expected deal. Shares of CCIV are down 48% since the market closed on Monday.

Could now be the time to buy the dip in CCIV?

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Property Solutions Acquisition Corp. - PSACU

Faraday Future will go public via a merger with Property Solutions Acquisition Corp. The merger will provide an estimated $1.0 billion of gross proceeds to Faraday Future

Tortoise Acquisition Corp. II - SNPR

Tortoise Acquisition Corp. II and Volta Industries announced a planned merger. The electric vehicle charging infrastructure company Volta Industries will list under the new ticker "VLTA".

New Providence Acquisition - NPA

AST & Sciences, which is coming public via the New Providence SPAC, could be an attractive play on the future of telecommunications.

Collins shared why investors should be looking at New Providence as an alternative to some of the stocks being pushed on Reddit's WallStreetBets,

Peridot Acquisition Corp - PDAC

Li-Cycle has agreed to go public via a merger deal with Peridot Acquisition Corp. The lithium-ion battery maker will trade under the ticker symbol "LICY".

INSU Acquisition Corp II - INAQ

The digital auto insurer Metromile is expected to go public via a deal with the SPAC INSU Acquisition Corp II. INSU stockholders recently gave approval for the deal.