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Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP) Shares Gap Down - Should You Sell?

Cantor Equity Partners, Inc. Class A Ordinary Shares logo with Financial Services background

Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $49.95, but opened at $45.74. Cantor Equity Partners, Inc. Class A Ordinary Shares shares last traded at $50.08, with a volume of 803,226 shares changing hands.

Cantor Equity Partners, Inc. Class A Ordinary Shares Stock Performance

The company has a 50-day simple moving average of $23.35 and a two-hundred day simple moving average of $14.87.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wealthspring Capital LLC increased its stake in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares by 6.1% during the 4th quarter. Wealthspring Capital LLC now owns 22,408 shares of the company's stock worth $232,000 after purchasing an additional 1,298 shares during the last quarter. Rangeley Capital LLC acquired a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares during the fourth quarter worth approximately $275,000. K2 Principal Fund L.P. acquired a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares during the first quarter worth approximately $843,000. JPMorgan Chase & Co. acquired a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares during the fourth quarter worth approximately $1,032,000. Finally, D. E. Shaw & Co. Inc. increased its position in Cantor Equity Partners, Inc. Class A Ordinary Shares by 119.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 183,593 shares of the company's stock worth $1,895,000 after buying an additional 100,000 shares during the last quarter.

About Cantor Equity Partners, Inc. Class A Ordinary Shares

(Get Free Report)

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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