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Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP) Shares Gap Up - Time to Buy?

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) shares gapped up before the market opened on Wednesday . The stock had previously closed at $39.01, but opened at $40.89. Cantor Equity Partners, Inc. Class A Ordinary Shares shares last traded at $41.83, with a volume of 605,887 shares changing hands.

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

The business has a 50-day simple moving average of $25.17 and a two-hundred day simple moving average of $15.51.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of CEP. K2 Principal Fund L.P. purchased a new stake in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares in the first quarter valued at about $843,000. Toronto Dominion Bank acquired a new stake in Cantor Equity Partners, Inc. Class A Ordinary Shares in the fourth quarter valued at about $2,742,000. D. E. Shaw & Co. Inc. boosted its holdings 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 valued at $1,895,000 after purchasing an additional 100,000 shares in the last quarter. Bulldog Investors LLP boosted its holdings in Cantor Equity Partners, Inc. Class A Ordinary Shares by 186.9% in the 4th quarter. Bulldog Investors LLP now owns 387,382 shares of the company's stock valued at $4,009,000 after purchasing an additional 252,357 shares in the last quarter. Finally, Harraden Circle Investments LLC acquired a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares during the 4th quarter worth approximately $10,390,000.

Cantor Equity Partners, Inc. Class A Ordinary Shares Company Profile

(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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