Churchill Capital Corp VII (NYSE:CVII) Sees Strong Trading Volume

Churchill Capital Corp VII (NYSE:CVII) saw unusually-strong trading volume on Thursday . Approximately 375,637 shares changed hands during trading, an increase of 55% from the previous session’s volume of 242,617 shares.The stock last traded at $10.72 and had previously closed at $10.72.

Churchill Capital Corp VII Price Performance

The company has a 50-day simple moving average of $10.70 and a 200 day simple moving average of $10.59.

Institutional Investors Weigh In On Churchill Capital Corp VII

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVII. Trexquant Investment LP boosted its position in Churchill Capital Corp VII by 9.7% during the fourth quarter. Trexquant Investment LP now owns 14,403 shares of the company’s stock worth $151,000 after acquiring an additional 1,279 shares during the last quarter. Deltec Asset Management LLC grew its position in shares of Churchill Capital Corp VII by 22.2% in the first quarter. Deltec Asset Management LLC now owns 110,000 shares of the company’s stock valued at $1,177,000 after purchasing an additional 20,000 shares in the last quarter. TrueMark Investments LLC acquired a new position in Churchill Capital Corp VII during the fourth quarter worth $210,000. Mizuho Securities USA LLC purchased a new position in Churchill Capital Corp VII during the fourth quarter worth about $1,578,000. Finally, Wolverine Asset Management LLC acquired a new stake in Churchill Capital Corp VII during the fourth quarter worth $2,583,000. Institutional investors and hedge funds own 61.16% of the company’s stock.

Churchill Capital Corp VII Company Profile

Churchill Capital Corp VII, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.