Churchill Capital Corp IX (NASDAQ:CCIX) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Churchill Capital Corp IX (NASDAQ:CCIX) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.72 and traded as high as $10.92. Churchill Capital Corp IX shares last traded at $10.90, with a volume of 492,586 shares.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CCIX. Wall Street Zen raised Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Churchill Capital Corp IX Price Performance

The company has a market cap of $398.88 million, a PE ratio of 57.27 and a beta of -0.05. The firm has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $10.72.

Churchill Capital Corp IX (NASDAQ:CCIX) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.04 EPS for the quarter.

Institutional Investors Weigh In On Churchill Capital Corp IX

Several hedge funds have recently modified their holdings of the company. Mercuria Capital Strategies LLC acquired a new position in shares of Churchill Capital Corp IX in the 4th quarter valued at $93,000. Bank of America Corp DE purchased a new position in shares of Churchill Capital Corp IX in the 1st quarter worth $107,000. FNY Investment Advisers LLC boosted its holdings in Churchill Capital Corp IX by 494.1% in the third quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after acquiring an additional 11,810 shares during the last quarter. Berkley W R Corp boosted its holdings in Churchill Capital Corp IX by 46.2% in the third quarter. Berkley W R Corp now owns 39,976 shares of the company’s stock valued at $419,000 after acquiring an additional 12,631 shares during the last quarter. Finally, Radcliffe Capital Management L.P. grew its position in Churchill Capital Corp IX by 12.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 152,581 shares of the company’s stock valued at $1,622,000 after acquiring an additional 16,596 shares during the period.

About Churchill Capital Corp IX

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.