Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why CIIG Merger Shares Jumped Today

TheMotleyFool

0 0

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 is a special-purpose acquisition company (SPAC) that is combining with electric van and bus start-up Arrival to form a public company valued at $5.4 billion.

After shares in CIIG more than doubled in November, a general reversal in electric-vehicle (EV) names moved the stock down more than 20% in the last week. Today, some investors are taking advantage of that to get in before the company's merger is completed in early 2021.

Source Fool.com

Like: 0

CIIC

Share