Churchill Capital Corp X (NASDAQ:CCCX) Trading Up 8.3% – Still a Buy?

Churchill Capital Corp X (NASDAQ:CCCX)’s stock price was up 8.3% on Wednesday . The stock traded as high as $19.25 and last traded at $19.13. Approximately 1,254,255 shares traded hands during trading, a decline of 56% from the average daily volume of 2,876,773 shares. The stock had previously closed at $17.67.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Churchill Capital Corp X in a research note on Saturday, October 18th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Churchill Capital Corp X Trading Down 3.1%

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. ATW Spac Management LLC acquired a new position in shares of Churchill Capital Corp X during the 3rd quarter worth about $129,000. Group One Trading LLC acquired a new position in Churchill Capital Corp X during the third quarter worth $52,000. Waratah Capital Advisors Ltd. bought a new stake in Churchill Capital Corp X during the third quarter worth $3,009,000. MMCAP International Inc. SPC acquired a new stake in Churchill Capital Corp X in the third quarter valued at $20,317,000. Finally, Highbridge Capital Management LLC acquired a new stake in Churchill Capital Corp X in the third quarter valued at $17,797,000.

Churchill Capital Corp X Company Profile

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.