Cantor Equity Partners (NASDAQ:CEP) Shares Down 9.5% - Here's What Happened

Key Points

• Cantor Equity Partners' stock experienced a significant drop of 9.5% on Thursday, closing at $19.44 after a low of $18.50.
• The trading volume surged to approximately 611,115 shares, which is an increase of 118% compared to the average daily volume.
• Recently, several institutional investors have increased their stakes in Cantor Equity Partners, with new positions valued between $28,000 and $70,000.

Cantor Equity Partners, Inc. (NASDAQ:CEP - Get Free Report) was down 9.5% during mid-day trading on Thursday . The company traded as low as $18.50 and last traded at $19.44. Approximately 611,115 shares were traded during trading, an increase of 118% from the average daily volume of 280,375 shares. The stock had previously closed at $21.49.

Cantor Equity Partners Stock Up 2.4%

The company has a 50 day moving average of $27.54 and a 200 day moving average of $25.28.

Cantor Equity Partners (NASDAQ:CEP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Cantor Equity Partners

Several institutional investors have recently bought and sold shares of CEP. Toronto Dominion Bank acquired a new stake in Cantor Equity Partners in the fourth quarter worth about $2,742,000. Jane Street Group LLC acquired a new stake in Cantor Equity Partners during the 2nd quarter worth about $5,815,000. D. E. Shaw & Co. Inc. raised its position in Cantor Equity Partners by 119.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 183,593 shares of the company's stock valued at $1,895,000 after buying an additional 100,000 shares during the period. K2 Principal Fund L.P. acquired a new position in shares of Cantor Equity Partners in the 1st quarter valued at about $843,000. Finally, Telligent Fund LP acquired a new position in Cantor Equity Partners in the second quarter worth approximately $834,000.

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.