Churchill Capital Corp X (NASDAQ:CCCX) Stock Price Down 6% – Here’s Why

Churchill Capital Corp X (NASDAQ:CCCX)’s share price traded down 6% on Monday . The company traded as low as $14.86 and last traded at $15.01. 892,557 shares were traded during trading, a decline of 69% from the average session volume of 2,907,887 shares. The stock had previously closed at $15.97.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Churchill Capital Corp X in a report on Saturday, October 18th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Churchill Capital Corp X Stock Down 9.1%

Hedge Funds Weigh In On Churchill Capital Corp X

Several large investors have recently added to or reduced their stakes in the company. MGO One Seven LLC acquired a new stake in Churchill Capital Corp X in the third quarter worth $129,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Churchill Capital Corp X in the 3rd quarter worth approximately $386,000. Alberta Investment Management Corp acquired a new stake in shares of Churchill Capital Corp X during the 3rd quarter valued at $19,290,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Churchill Capital Corp X in the 3rd quarter valued at $356,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Churchill Capital Corp X in the third quarter worth approximately $17,797,000.

Churchill Capital Corp X Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.