Infleqtion (NYSE:INFQ) Director Sells $14,405.12 in Stock

Infleqtion (NYSE:INFQGet Free Report) Director Maverick Capital Ltd sold 1,324 shares of Infleqtion stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $10.88, for a total transaction of $14,405.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Maverick Capital Ltd also recently made the following trade(s):

  • On Thursday, August 13th, Maverick Capital Ltd sold 1,609 shares of Infleqtion stock. The shares were sold at an average price of $12.19, for a total transaction of $19,613.71.
  • On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The stock was sold at an average price of $11.82, for a total transaction of $12,753.78.
  • On Monday, August 10th, Maverick Capital Ltd sold 5,488 shares of Infleqtion stock. The shares were sold at an average price of $11.69, for a total value of $64,154.72.
  • On Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The shares were sold at an average price of $11.87, for a total value of $75,327.02.
  • On Thursday, August 6th, Maverick Capital Ltd sold 8,057 shares of Infleqtion stock. The stock was sold at an average price of $11.09, for a total value of $89,352.13.
  • On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The shares were sold at an average price of $11.44, for a total value of $322,241.92.
  • On Friday, August 14th, Maverick Capital Ltd bought 52,071 shares of Infleqtion stock. The stock was bought at an average price of $12.42 per share, with a total value of $646,721.82.
  • On Friday, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The stock was sold at an average price of $16.10, for a total value of $28,941,955.70.
  • On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The stock was sold at an average price of $16.77, for a total value of $89,268,571.47.
  • On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The shares were sold at an average price of $14.69, for a total transaction of $96,726,584.11.

Infleqtion Stock Performance

Shares of INFQ traded up $0.67 during mid-day trading on Friday, reaching $12.85. The stock had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. The company has a fifty day moving average of $11.87. Infleqtion has a 52-week low of $8.52 and a 52-week high of $27.50. The stock has a market capitalization of $2.80 billion and a price-to-earnings ratio of -142.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on INFQ shares. Wall Street Zen lowered shares of Infleqtion from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Wedbush started coverage on Infleqtion in a report on Monday, August 3rd. They set an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings began coverage on Infleqtion in a research report on Wednesday, May 27th. They issued a “sell (d)” rating on the stock. Zacks Research upgraded Infleqtion to a “hold” rating in a research note on Monday, June 29th. Finally, Canaccord Genuity Group initiated coverage on Infleqtion in a research report on Thursday, July 2nd. They set a “buy” rating and a $22.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

View Our Latest Research Report on INFQ

Institutional Investors Weigh In On Infleqtion

Several institutional investors have recently added to or reduced their stakes in INFQ. Bank of New York Mellon Corp boosted its holdings in Infleqtion by 1,350.7% in the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock valued at $14,343,000 after purchasing an additional 1,002,576 shares in the last quarter. Davis Asset Management L.P. acquired a new stake in Infleqtion during the second quarter worth approximately $27,783,000. Finally, S&G Foundation purchased a new stake in shares of Infleqtion during the 2nd quarter worth approximately $154,164,000.

Infleqtion Company Profile

(Get Free Report)

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. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

See Also

Insider Buying and Selling by Quarter for Infleqtion (NYSE:INFQ)

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