SPAC Tracker: Short Sellers Take Aim, Churchill Capital IV Rises
Churchill #Churchill
Has the air come out of the market for SPACs? SPACs are no longer garnering the attention as much as they did earlier this year and hitting the new highs list.
Real Money’s Helene Meisler talked about how the market got carried away as we saw in SPACs with its speculation.
Walmart’s Flipkart is in talks to go public via a SPAC merger and is seeking a valuation of at least $35 billion.
Jim Cramer shared in late February that the SPAC bubble could be approaching but shared some keys to finding good SPAC stocks.
SPACs have started sliding and Real Money’s Collins shared his thoughts as their post-merger vote floors fall out from under them. Collins offered a trade idea as SPACs sold off in early March.
Real Money Pro’s Doug Kass explained to investors why the SPAC market is ripe for short-sellers. Kass shared some of his keys to short-selling and how to short stocks the right way.
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
Collins is patiently waiting for Churchill Capital IV , the buyer of Lucid Motors, to set up for a possible squeeze. He shared how he would tradeChurchill Capital Corp IV now.
Video: Goldman’s David Kostin on the rotation from tech stocks into cyclical names (CNBC)
Goldman’s David Kostin on the rotation from tech stocks into cyclical names
SHARE
SHARE
TWEET
SHARE
What to watch next
Kara Swisher on NFTs: Just because it’s digital doesn’t mean it’s not of value
U.K. Unveils 8 Freeports
Aeva CEO Soroush Salehian on taking the company public via SPAC
Bessemer’s Byron Deeter on the resurgence of cloud computing stocks
Why Reviews Are So Important For Your Business
May is a reasonable time to open vaccine eligibility, says Atlantic Health CEO
Irish prime minister on decision to halt AstraZeneca Covid vaccine distribution
The Feelist’s luxury skin care products will elevate your self-care routine
Jim Cramer on how he plans to reopen his restaurant
Blackstone, Starwood Capital to buy Extended Stay America for $6B
Blackfeet tribal officials, residents reflect on impact of COVID-19
Cybersecurity firm IronNet to go public in SPAC deal
Click to expand
Replay Video
Kara Swisher on NFTs: Just because it’s digital doesn’t mean it’s not of value Recode’s Kara Swisher joins “Squawk Alley” to discuss the surge in NFT sales and whether these digital collectibles really are valuable. CNBC
U.K. Unveils 8 Freeports Mar.15 — The U.K. is looking to freeports as a way to stimulate trade and investment in the wake of Brexit and the pandemic QuickTake
Aeva CEO Soroush Salehian on taking the company public via SPAC Soroush Salehian, Aeva co-founder and CEO, joins “Squawk Alley” as the company goes public to discuss what differentiates it from other Lidar brands. CNBCUP NEXT
Churchill Capital IV shares are rising over 6% in trading Monday.
Trident Acquisition – TDAC
The SPAC Trident Acquisition announced its merger to bring Lottery.com public in late February.
Shares of Trident Acquisition are flat in trading Monday.
Artius Acquisition – AACQ
Origin Materials announced it was going public via a $1.8 billion merger with Artius Acquisition .
Artius Acquisition shares are down slightly in trading Monday.
Altimeter Growth – AGC/AGCB
Grab Holdings is reportedly in talks to go public through a merger with one of Altimeter Growth’s SPACs that could value the Southeast Asian ride-hailing startup at as much as $40 billion.
Altimeter Growth stock is rising over 3% in trading Monday.
890 5th Avenue Partners Inc – ENFA
Buzzfeed is in discussions to go public via a SPAC merger with 890 5th Avenue Partners Inc this past week.
890 5th Avenue Partners shares are flat amid trading Monday.
All stock prices are referenced and pulled from Yahoo Finance while rankings were pulled from Barchart.com.
This article was originally published by TheStreet.