Linden Advisors LP Acquires New Holdings in Churchill Capital Corp X $CCCX

Linden Advisors LP bought a new stake in Churchill Capital Corp X (NASDAQ:CCCX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 850,000 shares of the company’s stock, valued at approximately $10,931,000.

Several other hedge funds also recently bought and sold shares of CCCX. Fort Baker Capital Management LP purchased a new stake in shares of Churchill Capital Corp X in the 3rd quarter valued at approximately $22,153,000. MMCAP International Inc. SPC purchased a new position in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $20,317,000. Alberta Investment Management Corp purchased a new position in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $19,290,000. Magnetar Financial LLC acquired a new stake in Churchill Capital Corp X in the 3rd quarter valued at approximately $18,675,000. Finally, Highbridge Capital Management LLC acquired a new stake in Churchill Capital Corp X in the 3rd quarter valued at approximately $17,797,000.

Churchill Capital Corp X Price Performance

NASDAQ CCCX opened at $13.66 on Tuesday. The firm has a 50-day moving average price of $14.80. Churchill Capital Corp X has a 1-year low of $10.03 and a 1-year 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 note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Churchill Capital Corp X 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.