Churchill Capital Corp X (NASDAQ:CCCX) Trading Up 7.1% – Should You Buy?

Churchill Capital Corp X (NASDAQ:CCCX) traded up 7.1% on Friday . The company traded as high as $14.85 and last traded at $14.81. 460,445 shares changed hands during trading, a decline of 84% from the average session volume of 2,867,545 shares. The stock had previously closed at $13.83.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Churchill Capital Corp X in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Churchill Capital Corp X Price Performance

Institutional Trading of Churchill Capital Corp X

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fort Baker Capital Management LP bought a new position in shares of Churchill Capital Corp X in the third quarter valued at $22,153,000. MMCAP International Inc. SPC acquired a new position in shares of Churchill Capital Corp X in the 3rd quarter valued at $20,317,000. Alberta Investment Management Corp purchased a new position in Churchill Capital Corp X in the 3rd quarter worth about $19,290,000. Magnetar Financial LLC acquired a new stake in Churchill Capital Corp X during the 3rd quarter worth about $18,675,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Churchill Capital Corp X in the third quarter worth about $17,797,000.

About Churchill Capital Corp X

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.