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
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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.