231,653 Shares in Churchill Capital Corp X $CCCX Acquired by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers LLC acquired a new stake of 231,653 shares of Churchill Capital Corp X (NASDAQ:CCCX) in Q3 valued at about $2.98 million, representing roughly 1.0% of FNY’s portfolio and its 10th largest holding (FNY owned ~0.45% of CCCX at period end).
• Multiple large investors also initiated sizable Q3 positions in CCCX, including Fort Baker Capital ($22.15M), MMCAP International ($20.32M), Alberta Investment Management ($19.29M), Magnetar Financial ($18.68M) and Highbridge Capital ($17.80M).
• Analyst sentiment is weak—Weiss Ratings restated a "Sell"—and the stock recently traded at $13.66 with a one‑year range of $10.03–$27.50 and a 50‑day SMA of $14.64.

FNY Investment Advisers LLC acquired a new stake in shares of Churchill Capital Corp X (NASDAQ:CCCX - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 231,653 shares of the company's stock, valued at approximately $2,979,000. Churchill Capital Corp X makes up about 1.0% of FNY Investment Advisers LLC's investment portfolio, making the stock its 10th largest position. FNY Investment Advisers LLC owned about 0.45% of Churchill Capital Corp X at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CCCX. Fort Baker Capital Management LP acquired a new stake in shares of Churchill Capital Corp X during the 3rd quarter valued at $22,153,000. MMCAP International Inc. SPC purchased a new position in shares of Churchill Capital Corp X during the 3rd quarter valued at $20,317,000. Alberta Investment Management Corp acquired a new position in shares of Churchill Capital Corp X in the third quarter worth $19,290,000. Magnetar Financial LLC purchased a new stake in shares of Churchill Capital Corp X during the third quarter worth $18,675,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Churchill Capital Corp X during the third quarter worth $17,797,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Churchill Capital Corp X in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".

Churchill Capital Corp X Stock Performance

Churchill Capital Corp X stock opened at $13.66 on Thursday. Churchill Capital Corp X has a 1-year low of $10.03 and a 1-year high of $27.50. The firm's fifty day simple moving average is $14.64.

Churchill Capital Corp X Profile

Churchill Capital Corp X NASDAQ: CCCX is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting one or more business combinations. As a SPAC, it initially holds the proceeds from its public offering in a trust account while management and the sponsor identify and negotiate a potential merger, acquisition, or other qualifying business combination that would result in the acquired company becoming publicly listed.

The company’s primary activities are sourcing, evaluating and completing a business combination with a target company.

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