Magnetar Financial LLC Acquires New Position in Churchill Capital Corp X $CCCX

Magnetar Financial LLC bought a new position in shares of Churchill Capital Corp X (NASDAQ:CCCX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,452,152 shares of the company’s stock, valued at approximately $18,675,000. Magnetar Financial LLC owned 2.79% of Churchill Capital Corp X as of its most recent filing with the Securities and Exchange Commission.

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

Churchill Capital Corp X Stock Performance

Shares of NASDAQ CCCX opened at $13.66 on Wednesday. The stock’s fifty day moving average price is $15.04. 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 restated a “sell (d)” rating on shares of Churchill Capital Corp X in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Churchill Capital Corp X Company 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.