Moore Capital Management LP Invests $12.86 Million in Churchill Capital Corp X $CCCX

Moore Capital Management LP purchased a new position in Churchill Capital Corp X (NASDAQ:CCCX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000,000 shares of the company’s stock, valued at approximately $12,860,000.

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

Churchill Capital Corp X Price Performance

Churchill Capital Corp X stock opened at $13.66 on Tuesday. Churchill Capital Corp X has a 52 week low of $10.03 and a 52 week high of $27.50. The stock’s fifty day simple moving average is $14.80.

Analyst Ratings Changes

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