Polar Asset Management Partners Inc. Acquires New Stake in Churchill Capital Corp X $CCCX

Polar Asset Management Partners Inc. bought a new stake in Churchill Capital Corp X (NASDAQ:CCCX) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 400,000 shares of the company’s stock, valued at approximately $5,144,000.

Several other institutional investors and hedge funds have also bought and sold shares of CCCX. Group One Trading LLC bought a new stake in shares of Churchill Capital Corp X during the 3rd quarter valued at about $52,000. Wexford Capital LP bought a new position in shares of Churchill Capital Corp X in the 3rd quarter worth approximately $64,000. ATW Spac Management LLC bought a new position in shares of Churchill Capital Corp X in the 3rd quarter worth approximately $129,000. MGO One Seven LLC purchased a new position in shares of Churchill Capital Corp X in the third quarter worth approximately $129,000. Finally, Prelude Capital Management LLC purchased a new position in shares of Churchill Capital Corp X in the third quarter worth approximately $135,000.

Analyst Upgrades and Downgrades

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

Churchill Capital Corp X Stock Performance

CCCX opened at $13.66 on Thursday. The company’s fifty day moving average price is $14.64. Churchill Capital Corp X has a fifty-two week low of $10.03 and a fifty-two week high of $27.50.

Churchill Capital Corp X Profile

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.