Ionic Capital Management LLC Makes New $1.61 Million Investment in Churchill Capital Corp X $CCCX

Ionic Capital Management LLC purchased a new position in shares of Churchill Capital Corp X (NASDAQ:CCCX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 125,000 shares of the company’s stock, valued at approximately $1,608,000. Churchill Capital Corp X accounts for about 0.2% of Ionic Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Waratah Capital Advisors Ltd. acquired a new position in shares of Churchill Capital Corp X in the third quarter valued at approximately $3,009,000. MMCAP International Inc. SPC bought a new stake in Churchill Capital Corp X in the 3rd quarter valued at $20,317,000. DLD Asset Management LP acquired a new position in Churchill Capital Corp X in the 3rd quarter worth $2,701,000. Highbridge Capital Management LLC bought a new position in Churchill Capital Corp X during the 3rd quarter worth about $17,797,000. Finally, Alberta Investment Management Corp bought a new position in Churchill Capital Corp X during the 3rd quarter worth about $19,290,000.

Churchill Capital Corp X Price Performance

Churchill Capital Corp X stock opened at $13.66 on Monday. Churchill Capital Corp X has a 1-year low of $10.03 and a 1-year high of $27.50. The company has a fifty day simple moving average of $14.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Churchill Capital Corp X in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Churchill Capital Corp X

Churchill Capital Corp X (NASDAQ: CCCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting one or more business combinations. As a SPAC, it initially holds the proceeds from its public offering in a trust account while management and the sponsor identify and negotiate a potential merger, acquisition, or other qualifying business combination that would result in the acquired company becoming publicly listed.

The company’s primary activities are sourcing, evaluating and completing a business combination with a target company.