Cantor Equity Partners II (NASDAQ:CEPT) Shares Up 0.1% - Should You Buy?

Key Points

• Cantor Equity Partners II Inc.'s share price increased by 0.1% to $10.52, with trading volume significantly higher than the average.
• Wall Street analysts have downgraded the stock from a "hold" to a "sell" rating as of June 14th.
• Several institutional investors have recently acquired new stakes in the company, with Harraden Circle Investments LLC investing approximately $24.3 million.

Cantor Equity Partners II Inc. (NASDAQ:CEPT - Get Free Report)'s share price shot up 0.1% during trading on Thursday . The stock traded as high as $10.63 and last traded at $10.52. 361,032 shares were traded during mid-day trading, an increase of 167% from the average session volume of 135,082 shares. The stock had previously closed at $10.51.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Cantor Equity Partners II from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th.

Cantor Equity Partners II Stock Up 0.1%

The business's 50-day moving average price is $11.00.

Institutional Investors Weigh In On Cantor Equity Partners II

A number of institutional investors have recently added to or reduced their stakes in the company. Harraden Circle Investments LLC purchased a new stake in Cantor Equity Partners II during the second quarter valued at about $24,314,000. Meteora Capital LLC purchased a new stake in Cantor Equity Partners II during the second quarter valued at about $12,277,000. MMCAP International Inc. SPC purchased a new stake in Cantor Equity Partners II during the second quarter valued at about $8,272,000. Jane Street Group LLC purchased a new stake in Cantor Equity Partners II during the second quarter valued at about $7,682,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Cantor Equity Partners II in the second quarter worth about $5,515,000.

About Cantor Equity Partners II

Cantor Equity Partners II, Inc is a blank check company. The company was founded on November 11, 2020 and is headquartered in New York, NY

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