Churchill Capital Corp X (NASDAQ:CCCX) Trading Up 7.4% – Time to Buy?

Churchill Capital Corp X (NASDAQ:CCCX) rose 7.4% during trading on Thursday . The company traded as high as $15.23 and last traded at $15.05. Approximately 1,124,936 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 2,766,814 shares. The stock had previously closed at $14.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Churchill Capital Corp X in a report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Churchill Capital Corp X presently has a consensus rating of “Sell”.

Churchill Capital Corp X Trading Up 4.8%

Institutional Investors Weigh In On Churchill Capital Corp X

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