Churchill Capital Corp IX (NASDAQ:CCIX) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Churchill Capital Corp IX (NASDAQ:CCIX)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.67 and traded as high as $10.82. Churchill Capital Corp IX shares last traded at $10.78, with a volume of 6,890 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCIX shares. Wall Street Zen raised Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Churchill Capital Corp IX Trading Up 0.1%

The firm has a market cap of $395.19 million, a price-to-earnings ratio of 56.74 and a beta of -0.05. The firm has a 50 day moving average price of $10.74 and a 200-day moving average price of $10.67.

Churchill Capital Corp IX (NASDAQ:CCIX) last released its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of Churchill Capital Corp IX during the 1st quarter worth $107,000. Berkley W R Corp raised its stake in shares of Churchill Capital Corp IX by 93.4% during the 1st quarter. Berkley W R Corp now owns 1,810,437 shares of the company’s stock worth $19,335,000 after buying an additional 874,256 shares during the last quarter. Lineage Point Capital LP acquired a new position in shares of Churchill Capital Corp IX during the 4th quarter worth $360,000. TENOR CAPITAL MANAGEMENT Co. L.P. raised its stake in shares of Churchill Capital Corp IX by 88.0% during the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock worth $28,724,000 after buying an additional 1,264,688 shares during the last quarter. Finally, Meteora Capital LLC raised its stake in shares of Churchill Capital Corp IX by 42.2% during the 4th quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock worth $10,095,000 after buying an additional 281,628 shares during the last quarter.

Churchill Capital Corp IX Company Profile

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.