Institutions bought in before the $1 billion PIC XL Fleet merger – Here’s what you must know now

Pivotal Investment Corporation II (NYSE: PIC) shocked the investing world on Friday after announcing their merger with EV technology provider XL Fleet. Investors immediately bought shares in PIC to secure their position before the news spread. However, the question on everyone’s mind, is did Friday’s investors and hedge funds jump the gun? Thus, today’s article […]