Alberta Investment Management Corp Takes $19.29 Million Position in Churchill Capital Corp X $CCCX

Alberta Investment Management Corp bought a new position in Churchill Capital Corp X (NASDAQ:CCCX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,500,000 shares of the company’s stock, valued at approximately $19,290,000. Alberta Investment Management Corp owned about 2.88% of Churchill Capital Corp X as of its most recent filing with the Securities and Exchange Commission.

Separately, Cookson Peirce & Co. Inc. bought a new position in Churchill Capital Corp X in the third quarter valued at about $386,000.

Churchill Capital Corp X Price Performance

CCCX opened at $13.66 on Thursday. The business’s 50-day moving average price is $15.55. Churchill Capital Corp X has a twelve month low of $10.03 and a twelve month high of $27.50.

Analyst Ratings Changes

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

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.