Periscope Capital Inc. Has $3.38 Million Stock Position in Gores Holdings X, Inc. / CI $GTEN

Periscope Capital Inc. reduced its stake in Gores Holdings X, Inc. / CI (NASDAQ:GTEN) by 17.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 329,300 shares of the company’s stock after selling 70,700 shares during the period. Periscope Capital Inc.’s holdings in Gores Holdings X, Inc. / CI were worth $3,375,000 at the end of the most recent quarter.

Gores Holdings X, Inc. / CI Stock Performance

Gores Holdings X, Inc. / CI stock opened at $10.38 on Friday. The business has a 50 day moving average of $10.31. The firm has a market capitalization of $467.93 million and a price-to-earnings ratio of 74.14. Gores Holdings X, Inc. / CI has a one year low of $10.12 and a one year high of $10.53.

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) last posted its quarterly earnings data on Saturday, March 28th. The company reported $0.32 EPS for the quarter.

Gores Holdings X, Inc. / CI Profile

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.