Ghisallo Capital Management LLC Buys Shares of 100,000 Churchill Capital Corp X $CCCX

Key Points

• Ghisallo Capital Management LLC acquired a new position of 100,000 shares in Churchill Capital Corp X (CCCX) during Q3, worth about $1.286 million and representing roughly 0.19% of the company at quarter-end.
• Analyst sentiment is negative: Weiss Ratings reissued a "Sell (d)" on CCCX and MarketBeat shows a consensus rating of "Sell"; the stock opened at $13.66 with a 12‑month range of $10.03–$27.50 and a 50‑day SMA of $14.90.
• Several other institutions also initiated small positions in Q3 (e.g., Group One Trading, ATW Spac Management, MGO One Seven, Pekin Hardy Strauss, Cookson Peirce), each buying stakes valued from roughly $52,000 to $386,000.

Ghisallo Capital Management LLC purchased a new position in shares of Churchill Capital Corp X (NASDAQ:CCCX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company's stock, valued at approximately $1,286,000. Ghisallo Capital Management LLC owned approximately 0.19% of Churchill Capital Corp X at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Group One Trading LLC acquired a new position in shares of Churchill Capital Corp X during the third quarter valued at approximately $52,000. ATW Spac Management LLC acquired a new stake in Churchill Capital Corp X in the third quarter worth approximately $129,000. MGO One Seven LLC acquired a new stake in Churchill Capital Corp X in the third quarter worth approximately $129,000. Pekin Hardy Strauss Inc. bought a new position in Churchill Capital Corp X during the 3rd quarter valued at $356,000. Finally, Cookson Peirce & Co. Inc. bought a new position in Churchill Capital Corp X during the 3rd quarter valued at $386,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Churchill Capital Corp X in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".

Churchill Capital Corp X Price Performance

CCCX stock opened at $13.66 on Friday. Churchill Capital Corp X has a 12 month low of $10.03 and a 12 month high of $27.50. The company's 50 day simple moving average is $14.90.

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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