Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Posts Quarterly Earnings Results

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) issued its earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, FiscalAI reports.

Gores Holdings X, Inc. / CI Price Performance

NASDAQ GTEN traded up $0.01 during trading hours on Wednesday, hitting $10.37. 35 shares of the company were exchanged, compared to its average volume of 37,356. The stock has a 50-day moving average price of $10.29. Gores Holdings X, Inc. / CI has a 52 week low of $10.12 and a 52 week high of $10.53.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Gores Holdings X, Inc. / CI in a report on Friday, January 30th. They issued a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gores Holdings X, Inc. / CI has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GTEN. Harraden Circle Investments LLC purchased a new position in shares of Gores Holdings X, Inc. / CI during the fourth quarter valued at approximately $5,556,000. Quarry LP boosted its position in shares of Gores Holdings X, Inc. / CI by 23.0% during the fourth quarter. Quarry LP now owns 61,632 shares of the company’s stock valued at $632,000 after buying an additional 11,506 shares during the period. DLD Asset Management LP purchased a new position in shares of Gores Holdings X, Inc. / CI during the fourth quarter valued at approximately $1,594,000. Westchester Capital Management LLC purchased a new position in shares of Gores Holdings X, Inc. / CI during the fourth quarter valued at approximately $5,300,000. Finally, Verition Fund Management LLC boosted its position in shares of Gores Holdings X, Inc. / CI by 9.8% during the fourth quarter. Verition Fund Management LLC now owns 779,270 shares of the company’s stock valued at $8,019,000 after buying an additional 69,271 shares during the period.

About Gores Holdings X, Inc. / CI

Gores Holdings X, Inc (NASDAQ: GTEN) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank‑check company, GTEN’s principal activity is to identify, evaluate and complete a merger, asset acquisition, stock purchase, reorganization or similar business combination that would result in a publicly traded combined company.

Prior to completing a business combination, Gores Holdings X does not operate commercial businesses; its operations typically consist of raising capital through an initial public offering, maintaining funds in a trust account, and conducting diligence and negotiations with potential targets.