Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP) Stock Price Down 6.1% - Here's What Happened

Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP - Get Free Report)'s stock price traded down 6.1% on Tuesday . The stock traded as low as $42.50 and last traded at $43.68. 483,304 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 1,224,552 shares. The stock had previously closed at $46.50.

Cantor Equity Partners, Inc. Class A Ordinary Shares Stock Down 4.7%

The company's fifty day moving average is $25.17 and its two-hundred day moving average is $15.47.

Institutional Trading of Cantor Equity Partners, Inc. Class A Ordinary Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CEP. Wealthspring Capital LLC raised its holdings in Cantor Equity Partners, Inc. Class A Ordinary Shares by 6.1% during the fourth quarter. Wealthspring Capital LLC now owns 22,408 shares of the company's stock worth $232,000 after purchasing an additional 1,298 shares in the last quarter. Rangeley Capital LLC acquired a new stake 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 stake in Cantor Equity Partners, Inc. Class A Ordinary Shares during the first quarter worth approximately $843,000. JPMorgan Chase & Co. acquired a new stake in Cantor Equity Partners, Inc. Class A Ordinary Shares during the fourth quarter worth approximately $1,032,000. Finally, D. E. Shaw & Co. Inc. raised its holdings 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 purchasing an additional 100,000 shares in the last quarter.

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.