400,000 Shares in Churchill Capital Corp X $CCCX Acquired by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management Partners acquired 400,000 shares of Churchill Capital Corp X (NASDAQ:CCCX) in Q3, a position worth about $5.144 million and representing roughly 0.77% of the company at quarter-end.
• Analyst sentiment is negative: Weiss Ratings reissued a "sell (d)" rating and MarketBeat's consensus rating for CCCX is Sell.
• CCCX opened at $13.66, trades below its 50‑day moving average of $14.64, and has a 12‑month range of $10.03 to $27.50.

Polar Asset Management Partners Inc. acquired a new stake in Churchill Capital Corp X (NASDAQ:CCCX - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 400,000 shares of the company's stock, valued at approximately $5,144,000. Polar Asset Management Partners Inc. owned approximately 0.77% of Churchill Capital Corp X at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Group One Trading LLC purchased a new position in shares of Churchill Capital Corp X in the third quarter worth $52,000. Wexford Capital LP purchased a new stake in shares of Churchill Capital Corp X during the third quarter valued at $64,000. ATW Spac Management LLC purchased a new stake in shares of Churchill Capital Corp X during the third quarter valued at $129,000. MGO One Seven LLC bought a new stake in Churchill Capital Corp X in the 3rd quarter worth about $129,000. Finally, Prelude Capital Management LLC bought a new stake in Churchill Capital Corp X in the 3rd quarter worth about $135,000.

Churchill Capital Corp X Price Performance

NASDAQ:CCCX opened at $13.66 on Thursday. The stock has a 50 day moving average of $14.64. Churchill Capital Corp X has a 12 month low of $10.03 and a 12 month high of $27.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Churchill Capital Corp X in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

About Churchill Capital Corp X

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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