Magnetar Financial LLC Acquires New Position in Churchill Capital Corp X $CCCX

Key Points

• Magnetar Financial LLC bought a new position of 1,452,152 shares in Churchill Capital Corp X, valued at about $18.675 million, representing roughly 2.79% ownership.
• Other large institutions also initiated sizable Q3 stakes — notably Alberta Investment Management (~$19.29M) and Highbridge Capital Management (~$17.80M) — indicating significant institutional accumulation.
• Despite these purchases, CCCX trades around $13.66 (50‑day MA $15.04, 12‑month range $10.03–$27.50) and carries an average analyst rating of Sell, with Weiss Ratings recently restating a "sell (d)" opinion.

Magnetar Financial LLC bought a new position in shares of Churchill Capital Corp X (NASDAQ:CCCX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,452,152 shares of the company's stock, valued at approximately $18,675,000. Magnetar Financial LLC owned 2.79% of Churchill Capital Corp X as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CCCX. MGO One Seven LLC bought a new position in shares of Churchill Capital Corp X in the 3rd quarter worth $129,000. Cookson Peirce & Co. Inc. bought a new stake in Churchill Capital Corp X in the third quarter valued at about $386,000. Alberta Investment Management Corp acquired a new position in Churchill Capital Corp X in the third quarter valued at about $19,290,000. Pekin Hardy Strauss Inc. acquired a new position in Churchill Capital Corp X in the third quarter valued at about $356,000. Finally, Highbridge Capital Management LLC bought a new position in Churchill Capital Corp X during the third quarter worth about $17,797,000.

Churchill Capital Corp X Stock Performance

Shares of NASDAQ CCCX opened at $13.66 on Wednesday. The stock's fifty day moving average price is $15.04. Churchill Capital Corp X has a twelve month low of $10.03 and a twelve month high of $27.50.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, According to MarketBeat.com, the company currently has an average rating of "Sell".

Churchill Capital Corp X Company 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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