Investors Buy High Volume of Churchill Capital Corp X Call Options (NASDAQ:CCCX)

Key Points

• Churchill Capital Corp X experienced a significant surge in trading activity with investors acquiring 40,501 call options, marking a 46% increase over its average daily volume.
• The company's stock has faced a downturn, trading down 8.8% to $16.98, with a notable trading volume of over 14 million shares.
• Weiss Ratings issued a "sell" rating for Churchill Capital Corp X, contributing to a consensus rating of "Sell" among analysts.

Churchill Capital Corp X (NASDAQ:CCCX - Get Free Report) was the target of unusually large options trading on Wednesday. Traders acquired 40,501 call options on the stock. This is an increase of approximately 46% compared to the average daily volume of 27,678 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Churchill Capital Corp X in a report on Saturday. They issued a "sell (e)" rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Churchill Capital Corp X Trading Down 8.8%

Shares of CCCX stock traded down $1.63 during trading hours on Wednesday, hitting $16.98. The company had a trading volume of 14,056,653 shares, compared to its average volume of 6,969,287. Churchill Capital Corp X has a 12 month low of $10.03 and a 12 month high of $27.50.

About Churchill Capital Corp X

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.

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