Churchill Capital Corp X (NASDAQ:CCCX) Trading 8.6% Higher – Here’s What Happened

Churchill Capital Corp X (NASDAQ:CCCX) traded up 8.6% on Thursday . The stock traded as high as $16.05 and last traded at $15.91. 1,710,169 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 2,825,514 shares. The stock had previously closed at $14.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Churchill Capital Corp X in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Churchill Capital Corp X Stock Up 7.9%

Hedge Funds Weigh In On Churchill Capital Corp X

Several institutional investors and hedge funds have recently modified their holdings of CCCX. IFP Advisors Inc bought a new stake in Churchill Capital Corp X in the 3rd quarter valued at about $122,000. Polar Asset Management Partners Inc. acquired a new position in Churchill Capital Corp X in the 3rd quarter valued at $5,144,000. Cantor Fitzgerald L. P. bought a new stake in shares of Churchill Capital Corp X during the 3rd quarter valued at $283,000. Meteora Capital LLC acquired a new stake in shares of Churchill Capital Corp X during the 3rd quarter worth $309,000. Finally, First Trust Capital Management L.P. bought a new position in shares of Churchill Capital Corp X in the third quarter worth $2,302,000.

Churchill Capital Corp X Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.