X3 (NASDAQ:XTKG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of X3 (NASDAQ:XTKG) to a sell rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of X3 in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

X3 Price Performance

Shares of XTKG opened at $1.15 on Friday. X3 has a 1-year low of $0.04 and a 1-year high of $16.32. The firm has a 50 day simple moving average of $5.85 and a 200-day simple moving average of $200.24.

Institutional Investors Weigh In On X3

An institutional investor recently bought a new position in X3 stock. Citadel Advisors LLC bought a new stake in shares of X3 Holdings Co., Ltd. (NASDAQ:XTKG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,417 shares of the company’s stock, valued at approximately $52,000. Citadel Advisors LLC owned approximately 0.23% of X3 at the end of the most recent quarter. Institutional investors own 1.85% of the company’s stock.

About X3

X3 Acquisition Corporation (NASDAQ: XTKG) is a special purpose acquisition company, or blank check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition or other business combination. The company does not engage in any commercial operations and holds its net proceeds in a trust account until a qualifying transaction is completed.

Trading on the Nasdaq Capital Market since its initial public offering, X3 Acquisition Corporation’s units represent the right to receive shares of common stock upon the company’s completion of a business combination.