If you want to know How to buy Lucid Motors stock, we will explain to you how and why you should invest. Lucid Motors is an American electric car company that specializes in luxury cars. They have a variety of models to choose from, but their most popular model is the Lucid Air. What are some factors you should consider when buying stock in Lucid Motors? There are many factors to consider before investing your hard-earned money into any type of stock.
One factor to consider when investing in Lucid Motors is how much volatility there has been with the company’s share prices over the past few years. The less volatile a company, the better chance for successful investors have if they wait for dips and buy low, then sell higher at a later date as needed. Another thing to think about when purchasing shares of this company is how much risk you’re willing to take.
Churchill Capital Corp. IV took the luxury electric-vehicle leader public in a high anticipation IPO release on July 26. In February, Churchill Capital IV, a special-purpose acquisition company (SPAC) had announced its deal to take Lucid Motors public and valued the company at $24 billion. Lucid Motors being one of the most valuable electric vehicle (EV) technology manufacturers behind Tesla of course.
Lucid Motors had begun trading on July 26th, 2021. The stock had hiked to around 10% on the opening day of the SPAC merger. Could be considered a low amount considering all the hype and mainstream coverage it had during the previous months.
How to buy Lucid Motors Stock?
First, you are able to invest in shares of Churchill Capital Corp IV now, as the merger with Lucid Motors, shares of CCIV will transfer into shares of Lucid Motors after the merger is completed.
You can be patient and wait for the merger to complete to buy shares of Lucid Motors after they’re officially trading.
Steps to take to invest in CCIV for now or Lucid Motors after the company’s IPO is completed.
Pick a brokerage– buying any type of stock is to be started with the opening of an account with a broker. Broker is a financial service company that will offer you a trading platform that can be used to buy and sell shares of stock as you see fit, sometimes in exchange for a commission.
Decide how many shares you want to buy– After opening and funding the account. The first thing to be decided is how many shares you want to buy, of CCIV or of Lucid Motors. Set a budget for the total investment, look at the current market price of the shares you’re interested in, and decide how many shares you want to buy.
Choose the order type– After deciding on how many shares you want to buy, you can set a buy order. A buy order is what tells your broker that you want to buy a select number of shares of stock, along with details of when you want the broker to execute the order. Few common options being:
• Market orders: These are executed ASAP at the current market price.
• Limit orders: Limit orders are executed at or below a specific “limit price” that is set when you place your order.
• Stop orders: They are executed as market orders once the price of a stock rises above your specified “stop price”.
Additional types of orders depending on your broker.
Execute your trade- After placing the buy order, it’s up to your broker to execute the order on your behalf. Just sit back & relax, as when your broker is able to fill the order, you’ll receive a notification via text or email.
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