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Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month

John Rosevear, The Motley Fool
·2-min read
Why CIIG Merger (Arrival) Stock Surged Over 30% Last Month

Shares of CIIG Merger (NASDAQ: CIIC) jumped 31.8% in December, according to data provided by S&P Global Market Intelligence. The special-purpose acquisition company (SPAC) announced in November that it will merge with Arrival, a U.K.-based maker of electric buses and commercial vans. The story here is pretty simple: CIIG's stock did well in December thanks mostly to the intense investor interest in everything having to do with electric vehicles.

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