It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. its peers, it may be much closer to doing so. The company’s stock price has collected -7.31% of loss in the last five trading sessions. The company expects to generate $1 billion in revenue in 2022 and $5.1 billion in 2023. Rule 13d-1(b)[x] Rule 13d-1(c)? CIIG Merger Corp. (CIIC) registered a 0% downside in the last session and has traded in the green over the past 5 sessions. It’s going after vans and busses. Finally, Arrival believes it can be cash flow positive in 2023. quotes delayed at least 15 minutes, all others at least 20 minutes. So what’s the bottom line here? CIIC 26.29 0.64 (2.38%) Post-Market 0.35 (1.33%) 14,451. Even better, the company believes it can generate a profit even on low production volume thanks to this approach. If the company can generate $5 billion in sales in 2023…if it can turn cash flow positive. The stock’s 5-day price performance is 7.31%, and it has moved by -1% in 30 days. Matt McCall and the InvestorPlace Research Staff, The Best Stocks to Buy During the Market-Wide Selloff, Solar Stocks: It’s Time to Invest in One of the Most Valuable Technologies Ever. Shares of CIIG Merger (NASDAQ: CIIC) jumped 31.8% in December, according to data provided by S&P Global Market Intelligence. Yahoo is part of Verizon Media. 1125 N. Charles St, Baltimore, MD 21201. There are a lot of “ifs” when it comes to CIIC stock. CIIG Merger's stock is owned by a variety of retail and institutional investors. CIIG Merger Corp. CIIG Merger Corp. operates as a blank check company, which is formed for the purpose of effecting a merger, capital … There it can produce vans and busses, cutting down shipping costs as it can operate in multiple regions at once. If Arrival can come anywhere close to that last estimate, CIIC stock should be a massive winner. Shares have been consolidating nicely, but the stock has also been putting in a series of lower highs. Special purpose acquisition company CIIG Merger will absorb an electric-vehicle maker in a transaction that values the combined company at $5.4 billion. It further helps that some are already willing to place orders. 3 Big Stories to Watch. Like most of its EVs SPAC peers, Arrival does not currently generate any meaningful revenue or earnings. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. A high-level overview of CIIG Merger Corp. (CIIC) stock. In other words, just a few quarters from now. However, it would be silly to pretend that there aren’t some pockets of euphoria. However. Find the latest CIIG Merger Corp. (CIICU) stock quote, history, news and other vital information to help you with your stock trading and investing. In other words, just a few quarters from now. Further, the SPAC and EV space has been incredibly hot. Further, the SPAC and EV space has been incredibly hot. The combination has led CIIC stock from roughly $10 before the merger was announced to a current $27.68. Understand CIIG Merger Stock So We Know What SPAC to Buy. Welcome! The company has another interesting take on production as well, incorporating a “microfactory” approach. However, unlike its peers, it may be much closer to doing so. On the one hand, EV-related stocks have some serious momentum. The $50 figure is similar to where for quite some time, I've said we will be directly upon news of merge with CIIC into ARVL and IMHO we could be tapping $100 … So to combine EVs and SPACs creates a likely scenario where we eventually see some of this hot air get taken out of these stocks. All rights reserved. the company can generate $5 billion in sales in 2023…. Electric-vehicle (EV) stocks on the whole went a little crazy toward the end of 2020. There are a lot of “ifs” when it comes to CIIC stock. Let’s see if we get a better opportunity in this one at some point this year. Get instant access to a free live streaming chart of the Ciig Merger Corp Stock. Further, it’s already got a few notable investors, including Kia and Hyundai. The stock currently has a share float of 66.47%. However, Arrival isn’t your typical automaker. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. CIIC Merger should eventually become Arrival sometime in the first quarter of 2021. It’s not looking to build electric cars and trucks and take on some of the more established EV manufacturers and traditional automakers. CIIG Merger Corp. (NASDAQ:CIIC) went up by 12.00% from its latest closing price compared to the recent 1-year high of $37.18. Copyright © Want to learn how to 5X, 10X, even 20X your stock gains? Time to double or upgrade masks as coronavirus variants emerge, experts say. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. About CIIC. It wouldn’t be abnormal to see some volatility in these names, particularly with many having little to no revenue. The joint venture Arrival Group is expected to trade its shares on the US Nasdaq stock exchange under … Share your opinion and gain insight from other stock traders and investors. Price. However, if some of these “ifs” start to pan out, we are looking at a real opportunity and potentially a high-quality one at that. 53 institutions hold shares in CIIG Merger Corp. (CIIC), with institutional investors hold 66.47% of the company’s shares. 1125 N. Charles St, Baltimore, MD 21201. Another big investor — a large parcel logistics company — also, The company expects to generate $1 billion in revenue in 2022 and $5.1 billion in 2023. . However, this company has a unique fundamental situation, while also finding itself in the midst of a unique market situation. your password With that said, don’t be surprised if we get a better opportunity to buy CIIC stock. CIIG Merger does not have significant operations. The stock’s 5-day price performance is 7.31%, and it has moved by -1% in 30 days. 2024 expectations may be a little out there, but the company is looking for, This should allow the company to quickly set up its production facilities in existing warehouses, Even better, the company believes it can generate a profit even on low production volume thanks to this approach. CIIG Merger does not have significant operations. For bulls, the sideways action in the stock price is about as much as they could ask for. CIIG Merger (NASDAQ: CIIC) is a shell company that’s merging with Arrival, a U.K.-based manufacturer of all-electric vehicles, including buses for mass transit. Another big investor — a large parcel logistics company — also has an order for 10,000 electric vans with an option for more. The stock spiked 9.95% in intraday trading to $31.97 this Friday, Jan 15, hitting a weekly high. EV SPACs (special purpose acquisition companies) like CIIG Merger (NASDAQ: CIIC) went even crazier. Press Release reported on 02/19/21 that Arrival Group Announces Five New Members to Global Board of Directors. Like most of its EVs SPAC peers, Arrival does not currently generate any meaningful revenue or earnings. There’s nothing wrong with being bullish on stocks this year. On the one hand, EV-related stocks have some serious momentum. UK electric van startup Arrival to get U.S. listing at $5.4 billion valuation. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. CIIG Merger (NASDAQ:CIIC) is at an interesting crossroads in the market. CIIG Merger Is An Electric Vehicle SPAC to Believe In With a strong pipeline and modest valuation relative to rivals, CIIC stock is an attractive electric vehicle SPAC. Upon looking at major shareholders, it appears that insiders hold 0% of CIIG Merger Corp. shares, and 66.47% of them are in the hands of institutional investors. Shares have been consolidating nicely, but the stock has also been putting in a series of lower highs. You can change your choices at any time by visiting Your Privacy Controls. All rights reserved. At least, not in the head-to-head sense. The shares outstanding are 32.34M, and float is at 24.22M with Short Float at 8.60%. The company plans to begin production in the fourth quarter of 2021. Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. CIIG Merger Corp. does not have significant operations. Instead of building huge, massive production facilities like most automakers, Arrival aims to have a much smaller production footprint. your username. View today's stock price, news and analysis for CIIG Merger Corp. (CIIC). Join investing legend Louis Navellier on March 3 when he unveils his most aggressive — and most exciting — way to play the boom in tech stocks. However, its revenue aspirations go far beyond that figure. CIIG Merger Corp 26.29 0.64 (2.38%) CIIG Merger Corp NASDAQ Updated Feb 19, 2021 4:59 PM. Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month Shares of CIIG Merger (NASDAQ: CIIC) jumped 31.8% in December, according to data … CIIG Merger on Course for a Successful Arrival CIIC stock is a promising investment in a smart, creative EV maker By Lou Carlozo , InvestorPlace Contributor Jan 13, 2021, 8:12 am EST January 13, 2021 While I’m an EV bull, let’s not deny that there’s been a lot of enthusiasm in this space over the last six to nine months. CIIG Merger (NASDAQ: CIIC) is at an interesting crossroads in the market. With that said, don’t be surprised if we get a better opportunity to buy CIIC stock. Further, it’s already got a few notable investors, including Kia and Hyundai. Cardano Is Set to Outpace Even the Fastest-Moving Crypto Coins, Reddit Stocks: Why GME, AMC, NOK, BB, EXPR and KOSS Are on a Rocket Ship Again, With the Lucid Motors Merger Confirmed, CCIV Stock Is Your 10X Opportunity, Palantir Grows Into Its High-Priced Valuation. 2.38%. So do SPAC offerings and IPOs. So what’s the bottom line here? Shares of CIIG Merger (NASDAQ:CIIC) jumped more than 13% this morning before settling at 9% higher as of 11:30 a.m. EST. CIIG Merger Corp. (NASDAQ:CIIC)’s Biggest Investors. It wouldn’t be abnormal to see some volatility in these names, particularly with many having little to no revenue. CIIG Merger Corp. (CIIC) registered a 0% downside in the last session and has traded in the green over the past 5 sessions. The post CIIG Merger Is An Electric Vehicle SPAC to Believe In appeared first... InvestorPlace - 1 month ago Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. That’s when shares went from $10 to $30 in just a couple of weeks. The company plans to begin production in the fourth quarter of 2021. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. This should allow the company to quickly set up its production facilities in existing warehouses in as little as six months. In all, Arrival has snagged more than $1 billion worth of orders. Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month. What Will the Stock Market Do Today? Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month John Rosevear 1/7/2021. … CIIG Merger (NASDAQ: CIIC) went public in December 2019, raising $225 million. Get the latest CIIG Merger Corp. (CIIC) stock news and headlines to help you in your trading and investing decisions. On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. So do SPAC offerings and IPOs. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. CIIG Merger Corp. (Name of Issuer) Class A common stock, $0.0001 par value per share (Title of Class of Securities) 12559C103 (CUSIP Number) November 19, 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed:? Discover historical prices for CIIC stock on Yahoo Finance. Instead, Arrival has a different approach. Get Ciig Merger Corp (CIICU:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. The fact that it already has some big investors helps. So do SPAC offerings and IPOs. 2021 InvestorPlace Media, LLC. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/understand-ciic-stock-so-we-know-what-spac-to-buy/. The merged company, to be called Arrival Group, will trade on NASDAQ under the ticker symbol "ARVL". Simply put, that would be a very impressive revenue number to put up. While CIIC stock may be one of the higher quality EV SPACs, it won’t be immune to a group-wide dip. Copyright © 2021 InvestorPlace Media, LLC. This has been made possible via a merger with the CIIG Merger Corporation, for which a final agreement has now been signed. Lately the stock has been consolidating its rally from November. Arrival, which is set to combine with CIIG Merger Corp. (NASDAQ:CIIC), a special purpose acquisition company (SPAC), by the end of next month, looks poised to benefit from a similar dynamic. Should Arrival make its EV products cost-competitive or cheaper than its fossil-fuel competitors, there’s little reason it shouldn’t gain traction. View daily, weekly or monthly format back to when CIIG Merger Corp. stock was issued. Institutions hold 66.47% of the Float. . What happened. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. 2024 expectations may be a little out there, but the company is looking for $14 billion in sales in 2024. CIIG Merger (NASDAQ:CIIC) is at an interesting crossroads in the market. Time to double or upgrade masks as coronavirus variants emerge, experts say. Further, SPACs have also been a point of enthusiasm. At this point, however, the rally seems like it’s … The data on short interest also indicates that stock shorts accounted for 2.08 Million shares as on January 28, 2021, resulting in a short ratio of 1.18. The company was founded in 2019 and is based in New York, New York. As such, CIIC stock has performed pretty well. Get Ciig Merger Corp (CIICU:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Nearly 0% of CIIG Merger Corp.’s shares belong to company insiders and institutional investors own 66.47% of the company’s shares, according to Thomson Reuters’ data. Log into your account. Get the latest CIIG Merger Corp. (CIIC) stock news and headlines to help you in your trading and investing decisions. Nasdaq CIIG's merger with Arrival is expected to close by the end of March. When it does, CIIC stock will trade under the ticker symbol “ARVL.”. Finally, Arrival believes it. Price. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Get the hottest stocks to trade … Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month John Rosevear 1/7/2021. Why Stocks of These Niche … On the one hand, EV-related stocks have some serious momentum. The stock spiked 9.95% in intraday trading to $31.97 this Friday, Jan 15, hitting a weekly high. Real time CIIG Merger Corp. (CIIC) stock price quote, stock graph, news & analysis. What happened. Find the latest CIIG Merger Corp. (CIIC) stock discussion in Yahoo Finance's forum. CIIG Merger Corp. does not have significant operations. Top institutional investors include Magnetar Financial LLC (6.00%), Highline Capital Management L.P. (0.84%), Ratan Capital Management LP (0.31%), ExodusPoint Capital Management LP (0.20%), Sei Investments Co. (0.15%) and Citigroup Inc. (0.13%). The special-purpose acquisition company (SPAC) announced in November that it will merge with Arrival, a U.K.-based maker of electric buses and commercial vans. Find the latest CIIG Merger Corp. (CIICU) stock quote, history, news and other vital information to help you with your stock trading and investing. Shares of CIIG Merger (NASDAQ:CIIC) jumped more than 13% this morning before settling at 9% higher as of 11:30 a.m. EST.
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