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Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP) Trading Up 6.9% - Should You 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)'s stock price shot up 6.9% on Thursday . The company traded as high as $44.50 and last traded at $42.88. 825,757 shares traded hands during trading, a decline of 33% from the average session volume of 1,233,925 shares. The stock had previously closed at $40.12.

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

The company's 50 day moving average is $25.17 and its two-hundred day moving average is $15.54.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CEP. Harraden Circle Investments LLC bought a new position in Cantor Equity Partners, Inc. Class A Ordinary Shares during the fourth quarter valued at approximately $10,390,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares during the 4th quarter worth approximately $3,120,000. Toronto Dominion Bank bought a new position in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares during the 4th quarter valued at approximately $2,742,000. Bulldog Investors LLP grew its holdings in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares by 186.9% in the fourth 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, D. E. Shaw & Co. Inc. grew its holdings in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares by 119.6% in the fourth 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.

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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