Churchill Capital Corp X (NASDAQ:CCCX) Stock Price Down 7.6% – Here’s What Happened

Churchill Capital Corp X (NASDAQ:CCCX)’s share price traded down 7.6% on Monday . The stock traded as low as $17.20 and last traded at $17.26. 1,254,591 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 2,891,852 shares. The stock had previously closed at $18.68.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Churchill Capital Corp X in a report on Saturday, October 18th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Churchill Capital Corp X Trading Down 6.1%

Institutional Trading of Churchill Capital Corp X

Large investors have recently modified their holdings of the stock. MGO One Seven LLC acquired a new position in Churchill Capital Corp X in the third quarter valued at about $129,000. Pekin Hardy Strauss Inc. bought a new position in Churchill Capital Corp X in the 3rd quarter valued at about $356,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Churchill Capital Corp X in the 3rd quarter valued at approximately $386,000. Highbridge Capital Management LLC bought a new stake in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $17,797,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $19,290,000.

Churchill Capital Corp X Company Profile

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.