Churchill Capital Corp X (NASDAQ:CCCX) Trading Up 8.3% – Here’s Why

Churchill Capital Corp X (NASDAQ:CCCX)’s share price rose 8.3% during mid-day trading on Wednesday . The stock traded as high as $19.25 and last traded at $19.13. Approximately 1,254,255 shares were traded during trading, a decline of 56% from the average daily volume of 2,876,773 shares. The stock had previously closed at $17.67.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of Churchill Capital Corp X in a research note 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 MarketBeat, Churchill Capital Corp X presently has a consensus rating of “Sell”.

Churchill Capital Corp X Trading Down 3.1%

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CCCX. ATW Spac Management LLC bought a new stake in Churchill Capital Corp X during the third quarter worth about $129,000. Group One Trading LLC bought a new position in Churchill Capital Corp X in the 3rd quarter valued at about $52,000. Waratah Capital Advisors Ltd. acquired a new position in shares of Churchill Capital Corp X in the 3rd quarter valued at approximately $3,009,000. MMCAP International Inc. SPC bought a new stake in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $20,317,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Churchill Capital Corp X during the 3rd 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.