Churchill Capital Corp IX (NASDAQ:CCIX) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Churchill Capital Corp IX (NASDAQ:CCIX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.70 and traded as high as $10.95. Churchill Capital Corp IX shares last traded at $10.90, with a volume of 760,281 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 reiterated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Churchill Capital Corp IX Price Performance

The company has a 50 day moving average of $10.80 and a two-hundred day moving average of $10.71. The company has a market capitalization of $399.59 million, a PE ratio of 57.37 and a beta of -0.05.

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

Hedge Funds Weigh In On Churchill Capital Corp IX

Large investors have recently made changes to their positions in the business. Longfellow Investment Management Co. LLC purchased a new position in shares of Churchill Capital Corp IX in the third quarter worth about $83,000. Mercuria Capital Strategies LLC purchased a new position in shares of Churchill Capital Corp IX in the fourth quarter worth about $93,000. Bank of America Corp DE acquired a new position in Churchill Capital Corp IX in the first quarter valued at approximately $107,000. FNY Investment Advisers LLC increased its position in shares of Churchill Capital Corp IX by 494.1% during the third quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after acquiring an additional 11,810 shares during the last quarter. Finally, Lineage Point Capital LP acquired a new position in Churchill Capital Corp IX during the 4th quarter worth about $360,000.

About Churchill Capital Corp IX

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.