Churchill Capital Corp II (NYSE:CCX) Stock Price Down 6.4%

Churchill Capital Corp II (NYSE:CCX) was down 6.4% during trading on Friday . The stock traded as low as $10.81 and last traded at $10.87. Approximately 7,545 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,363,896 shares. The stock had previously closed at $11.61.

CCX has been the subject of several analyst reports. Benchmark began coverage on shares of Churchill Capital Corp II in a report on Tuesday, March 16th. They issued a “buy” rating and a $14.00 target price for the company. DA Davidson initiated coverage on shares of Churchill Capital Corp II in a research note on Wednesday, April 14th. They set a “buy” rating and a $15.00 target price on the stock.

The business has a fifty day moving average of $10.07.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Churchill Capital Corp II in the fourth quarter worth about $3,948,000. Granite Point Capital Management L.P. purchased a new stake in shares of Churchill Capital Corp II during the 4th quarter valued at about $1,536,000. Bluefin Capital Management LLC bought a new position in shares of Churchill Capital Corp II in the 4th quarter valued at about $560,000. Phoenix Holdings Ltd. purchased a new position in Churchill Capital Corp II in the fourth quarter worth about $3,367,000. Finally, Trexquant Investment LP bought a new stake in Churchill Capital Corp II during the fourth quarter worth approximately $230,000. Hedge funds and other institutional investors own 85.38% of the company’s stock.

Churchill Capital Corp II Company Profile (NYSE:CCX)

Churchill Capital Corp II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses. The company was formerly known as Hornblower Acquisition Corp.

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