Ionic Capital Management LLC Makes New Investment in Churchill Capital Corp X $CCCX

Ionic Capital Management LLC bought a new position in shares of Churchill Capital Corp X (NASDAQ:CCCX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 125,000 shares of the company’s stock, valued at approximately $1,608,000. Churchill Capital Corp X makes up 0.2% of Ionic Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Ionic Capital Management LLC owned approximately 0.24% of Churchill Capital Corp X at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Group One Trading LLC acquired a new position in Churchill Capital Corp X during the 3rd quarter worth $52,000. ATW Spac Management LLC acquired a new stake in shares of Churchill Capital Corp X in the 3rd quarter valued at $129,000. MGO One Seven LLC bought a new stake in shares of Churchill Capital Corp X during the third quarter worth $129,000. Cantor Fitzgerald L. P. acquired a new position in shares of Churchill Capital Corp X during the third quarter valued at $283,000. Finally, Bank of America Corp DE bought a new position in Churchill Capital Corp X in the third quarter valued at about $322,000.

Churchill Capital Corp X Stock Performance

CCCX opened at $13.66 on Monday. The stock has a fifty day moving average price of $14.90. Churchill Capital Corp X has a twelve month low of $10.03 and a twelve month high of $27.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Churchill Capital Corp X in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Churchill Capital Corp X currently has a consensus rating of “Sell”.

Churchill Capital Corp X Company 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.