Churchill Capital Corp IX (NASDAQ:CCIX) Shares Up 0.8% - What's Next?

Key Points

• Shares of Churchill Capital Corp IX rose 0.8% to $10.71 on Wednesday, but trading was extremely light — just 251 shares changed hands, about 98% below average volume.
• Analyst sentiment is broadly negative with an average rating of "Sell", although Wall Street Zen recently upgraded the stock to a "Hold" while Weiss Ratings reiterated a "Sell".
• The company has a market cap of roughly $392.6 million, a P/E of 48.7 and reported quarterly EPS of $0.07, with 50- and 200-day moving averages near $10.65.

Shares of Churchill Capital Corp IX (NASDAQ:CCIX - Get Free Report) shot up 0.8% on Wednesday . The stock traded as high as $10.71 and last traded at $10.71. 251 shares changed hands during trading, a decline of 98% from the average session volume of 14,633 shares. The stock had previously closed at $10.63.

Analyst Ratings Changes

Several research firms have weighed in on CCIX. Wall Street Zen upgraded Churchill Capital Corp IX from a "sell" rating to a "hold" rating in a research report on Monday, March 16th. Weiss Ratings reiterated a "sell (d)" rating on shares of Churchill Capital Corp IX in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell".

Churchill Capital Corp IX Price Performance

The company has a market cap of $392.63 million, a P/E ratio of 48.68 and a beta of -0.11. The stock has a 50-day moving average of $10.66 and a 200 day moving average of $10.65.

Churchill Capital Corp IX (NASDAQ:CCIX - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.07 EPS for the quarter.

Institutional Trading of Churchill Capital Corp IX

Large investors have recently bought and sold shares of the business. Longfellow Investment Management Co. LLC acquired a new stake in Churchill Capital Corp IX in the third quarter valued at about $83,000. Mercuria Capital Strategies LLC acquired a new stake in Churchill Capital Corp IX in the fourth quarter valued at about $93,000. FNY Investment Advisers LLC boosted its stake in Churchill Capital Corp IX by 494.1% in the third quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company's stock valued at $148,000 after buying an additional 11,810 shares in the last quarter. Bluefin Capital Management LLC acquired a new stake in Churchill Capital Corp IX in the second quarter valued at about $247,000. Finally, Lineage Point Capital LP acquired a new stake in Churchill Capital Corp IX in the fourth quarter valued at about $360,000.

Churchill Capital Corp IX Company Profile

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company's wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.

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