Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP) Shares Gap Up – Here’s Why

Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $36.34, but opened at $37.99. Cantor Equity Partners, Inc. Class A Ordinary Shares shares last traded at $41.84, with a volume of 1,246,970 shares.

Cantor Equity Partners, Inc. Class A Ordinary Shares Stock Up 19.5%

The company has a 50 day moving average of $19.15 and a 200-day moving average of $13.42.

Hedge Funds Weigh In On Cantor Equity Partners, Inc. Class A Ordinary Shares

Hedge funds have recently added to or reduced their stakes in the stock. Harraden Circle Investments LLC acquired a new stake in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares during the 4th quarter valued at $10,390,000. Bulldog Investors LLP lifted its position in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares by 186.9% during the 4th quarter. Bulldog Investors LLP now owns 387,382 shares of the company’s stock worth $4,009,000 after buying an additional 252,357 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares in the fourth quarter valued at approximately $3,120,000. Toronto Dominion Bank bought a new position in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares in the fourth quarter worth $2,742,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares by 119.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 183,593 shares of the company’s stock valued at $1,895,000 after acquiring an additional 100,000 shares in the last quarter.

Cantor Equity Partners, Inc. Class A Ordinary Shares Company Profile

Cantor Equity Partners, Inc operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on November 11, 2020 and is headquartered in New York, NY.