Churchill Capital Corp IV (NYSE: CCIV) is 186.71% higher on its value in year-to-date trading and has touched a low of $9.60 and a high of $64.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CCIV stock was last observed hovering at around $35.21 in the last trading session, with the day’s loss setting it -6.51%.
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Currently trading at $28.70, the stock is -20.89% and 29.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 139.11 million and changing -18.49% at the moment leaves the stock 85.42% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $28.38 and a 200-day simple moving average (SMA200) of $15.48.
The stock witnessed a 15.03% in the last 1 month and extending the period to 3 months gives it a 195.57%, and is -48.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 25.47% over the week and 20.54% over the month.
Distance from 52-week low is 198.96% and -55.75% from its 52-week high.
Churchill Capital Corp IV (CCIV) Analyst Forecasts
Churchill Capital Corp IV (CCIV) Top Institutional Holders
58 institutions hold shares in Churchill Capital Corp IV (CCIV), with institutional investors hold 28.30% of the company’s shares. Institutions hold 28.30% of the Float.
The top institutional shareholder in the company is Millennium Management LLC with over 7.43 million shares valued at $74.37 million. The investor’s holdings represent 3.59% of the CCIV Shares outstanding. As of Dec 30, 2020, the second largest holder is Karpus Management Inc with 7.03 million shares valued at $70.37 million to account for 3.40% of the shares outstanding. The other top investors are Alberta Investment Managament Corp which holds 4.88 million shares representing 2.36% and valued at over $48.8 million, while Fort Baker Capital Management LP holds 2.18% of the shares totaling 4.51 million with a market value of $45.18 million.