Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP) Shares Gap Down - Here's What Happened

Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $40.33, but opened at $38.50. Cantor Equity Partners, Inc. Class A Ordinary Shares shares last traded at $40.72, with a volume of 215,028 shares trading hands.

Cantor Equity Partners, Inc. Class A Ordinary Shares Stock Down 2.7%

The firm's 50 day simple moving average is $27.24 and its 200-day simple moving average is $16.19.

Hedge Funds Weigh In On Cantor Equity Partners, Inc. Class A Ordinary Shares

Several large investors have recently bought and sold shares of CEP. Harraden Circle Investments LLC acquired a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares in the fourth quarter valued at $10,390,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares in the fourth quarter valued at $3,120,000. Toronto Dominion Bank acquired a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares in the fourth quarter valued at $2,742,000. Bulldog Investors LLP boosted its stake in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares by 186.9% during the fourth quarter. Bulldog Investors LLP now owns 387,382 shares of the company's stock worth $4,009,000 after buying an additional 252,357 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of 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 period.

About Cantor Equity Partners, Inc. Class A Ordinary Shares

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.