Cantor Equity Partners (NASDAQ:CEP) Trading Down 3.1% - Should You Sell?

Cantor Equity Partners, Inc. (NASDAQ:CEP - Get Free Report) was down 3.1% on Wednesday . The stock traded as low as $27.88 and last traded at $30.15. Approximately 731,551 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 1,193,232 shares. The stock had previously closed at $31.13.

Cantor Equity Partners Stock Up 2.1%

The firm has a fifty day moving average price of $35.32 and a two-hundred day moving average price of $19.15.

Institutional Investors Weigh In On Cantor Equity Partners

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rangeley Capital LLC purchased a new position in Cantor Equity Partners during the 4th quarter worth $275,000. K2 Principal Fund L.P. purchased a new position in Cantor Equity Partners during the 1st quarter worth $843,000. JPMorgan Chase & Co. purchased a new position in Cantor Equity Partners during the 4th quarter worth $1,032,000. D. E. Shaw & Co. Inc. increased its holdings in Cantor Equity Partners by 119.6% during the 4th 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 during the period. Finally, Toronto Dominion Bank purchased a new position in Cantor Equity Partners during the 4th quarter worth $2,742,000.

About Cantor Equity Partners

Cantor Equity Partners, Inc is a blank check company, which engages in 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.