Moore Capital Management LP Invests $12.86 Million in Churchill Capital Corp X $CCCX

Key Points

• Moore Capital Management LP purchased a new position of 1,000,000 shares in Churchill Capital Corp X (NASDAQ:CCCX) in Q3, valued at about $12.86 million and representing roughly 1.92% of the company.
• Other institutions—including Fort Baker Capital, MMCAP International, Alberta Investment Management, Magnetar Financial and Highbridge—also established sizable new stakes in CCCX during Q3, each investing roughly $17–$22 million.
• Despite the institutional buying, analysts maintain a consensus Sell rating (Weiss Ratings reaffirmed a "sell (d)"); CCCX recently traded near $13.66 with a 1‑year range of $10.03 to $27.50.

Moore Capital Management LP purchased a new position in shares of Churchill Capital Corp X (NASDAQ:CCCX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,000,000 shares of the company's stock, valued at approximately $12,860,000. Moore Capital Management LP owned about 1.92% 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. Fort Baker Capital Management LP acquired a new position in Churchill Capital Corp X in the 3rd quarter valued at $22,153,000. MMCAP International Inc. SPC acquired a new stake in shares of Churchill Capital Corp X during the third quarter worth $20,317,000. Alberta Investment Management Corp bought a new stake in shares of Churchill Capital Corp X in the third quarter valued at about $19,290,000. Magnetar Financial LLC bought a new stake in shares of Churchill Capital Corp X in the third quarter valued at about $18,675,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Churchill Capital Corp X in the third quarter valued at about $17,797,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat, Churchill Capital Corp X currently has a consensus rating of "Sell".

Churchill Capital Corp X Price Performance

Shares of CCCX stock opened at $13.66 on Tuesday. Churchill Capital Corp X has a 1 year low of $10.03 and a 1 year high of $27.50. The company has a 50 day moving average of $14.80.

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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