How to buy and short Lucid Motors shares
Lucid Motors went public in 2021 through a reverse takeover, facilitated by the special purpose acquisition company (SPAC) Churchill Capital IV. Find out how to trade Lucid Motors shares.
How to trade Lucid Motors shares
Once Churchill Capital IV has acquired Lucid Motors – anticipated to take place in the second quarter (Q2) 2021 – you’ll be able to trade Lucid Motors shares. That’s because any Churchill Capital IV shares will be automatically converted into Lucid Motors shares, which will be able to be traded in the underlying market.
How to trade Lucid Motors shares
‘Buying’ Lucid Motors shares
- Create or log in to your trading account for CFDs and go to our trading platform
- Search for ‘Lucid Motors’
- Select ‘buy’ in the deal ticket
- Choose your position size and take steps to manage your risk
- Open and monitor your trade
Trading means that you’re taking a speculative position on the Lucid Motors share price, without owning the shares directly.
Shorting Lucid Motors shares
- Create or log in to your trading account for CFDs and go to our trading platform
- Search for ‘Lucid Motors’
- Select ‘sell’ in the deal ticket
- Choose your position size and take steps to manage your risk
- Open and monitor your trade
Let’s suppose that Lucid Motors has been public for some time. Maybe the company has done well and you want to take some profits from your position. Or, perhaps the share price has fallen and you want to short the company to profit from continued downwards movements.
The steps above show you how to short Lucid Motors shares.
How to analyse the Lucid Motors share price
Since it’s going public through a SPAC, the market for Lucid Motors shares might be volatile for a time after the acquisition is completed. As a result, it’s important to use both technical and fundamental analysis before opening a position on Lucid Motors shares.
- Technical analysis is concerned with chart patterns, technical indicators and historical price action
- Fundamental analysis is based on the fundamentals of a company, including its net revenue or profit and loss statements
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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