Waratah Capital Advisors Ltd. Acquires Shares of 233,975 Churchill Capital Corp X $CCCX

Waratah Capital Advisors Ltd. bought a new position in shares of Churchill Capital Corp X (NASDAQ:CCCX) during the 3rd quarter, HoldingsChannel reports. The fund bought 233,975 shares of the company’s stock, valued at approximately $3,009,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MGO One Seven LLC purchased a new position in Churchill Capital Corp X during the third quarter worth approximately $129,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Churchill Capital Corp X in the 3rd quarter worth $386,000. Alberta Investment Management Corp purchased a new position in shares of Churchill Capital Corp X during the 3rd quarter worth $19,290,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Churchill Capital Corp X during the 3rd quarter worth $356,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Churchill Capital Corp X during the 3rd quarter valued at about $17,797,000.

Churchill Capital Corp X Price Performance

Shares of CCCX stock opened at $13.66 on Wednesday. The firm has a 50 day simple moving average of $15.49. Churchill Capital Corp X has a 52 week low of $10.03 and a 52 week high of $27.50.

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 Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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.