Cantor Equity Partners Sees Unusually Large Options Volume (NASDAQ:CEP)

Cantor Equity Partners, Inc. (NASDAQ:CEP) was the recipient of some unusual options trading activity on Thursday. Stock investors bought 3,928 call options on the stock. This is an increase of 94% compared to the average daily volume of 2,028 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cantor Equity Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Cantor Equity Partners

Several large investors have recently made changes to their positions in CEP. K2 Principal Fund L.P. bought a new stake in shares of Cantor Equity Partners in the 1st quarter worth approximately $843,000. Burkett Financial Services LLC purchased a new position in Cantor Equity Partners during the second quarter valued at $70,000. Signaturefd LLC purchased a new position in Cantor Equity Partners during the second quarter valued at $28,000. Legacy Wealth Managment LLC ID bought a new stake in Cantor Equity Partners in the second quarter worth $60,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Cantor Equity Partners in the second quarter worth $225,000.

Cantor Equity Partners Stock Performance

Shares of Cantor Equity Partners stock traded up $3.41 during trading on Thursday, hitting $15.25. The company’s stock had a trading volume of 1,264,280 shares, compared to its average volume of 1,206,374. Cantor Equity Partners has a 52 week low of $10.22 and a 52 week high of $59.75. The company has a market capitalization of $195.20 million, a PE ratio of -252.82 and a beta of -5.33. The company has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $25.99.

About Cantor Equity Partners

Cantor Equity Partners, Inc is a blank check company, which engages in the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on November 11, 2020 and is headquartered in New York, NY.