Shares of Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP - Get Free Report) dropped 3.6% during trading on Wednesday . The company traded as low as $45.26 and last traded at $45.25. Approximately 152,214 shares changed hands during trading, a decline of 88% from the average daily volume of 1,228,511 shares. The stock had previously closed at $46.96.
Cantor Equity Partners, Inc. Class A Ordinary Shares Stock Performance
The business's 50 day simple moving average is $27.24 and its 200 day simple moving average is $16.19.
Institutional Trading of Cantor Equity Partners, Inc. Class A Ordinary Shares
A number of hedge funds have recently bought and sold shares of the company. Wealthspring Capital LLC lifted its stake in Cantor Equity Partners, Inc. Class A Ordinary Shares by 6.1% in the 4th quarter. Wealthspring Capital LLC now owns 22,408 shares of the company's stock worth $232,000 after acquiring an additional 1,298 shares in the last quarter. Rangeley Capital LLC purchased a new stake in Cantor Equity Partners, Inc. Class A Ordinary Shares in the 4th quarter worth about $275,000. K2 Principal Fund L.P. purchased a new stake in Cantor Equity Partners, Inc. Class A Ordinary Shares in the 1st quarter worth about $843,000. JPMorgan Chase & Co. purchased a new stake in Cantor Equity Partners, Inc. Class A Ordinary Shares in the 4th quarter worth about $1,032,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in 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 worth $1,895,000 after acquiring an additional 100,000 shares in the last quarter.
About Cantor Equity Partners, Inc. Class A Ordinary Shares
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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.
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