Infleqtion (NYSE:INFQ) Director Sells $96,726,584.11 in Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 6,584,519 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.69, for a total transaction of $96,726,584.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Maverick Capital Ltd also recently made the following trade(s):

• On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The shares were sold at an average price of $16.77, for a total value of $89,268,571.47.

Infleqtion Stock Performance

Shares of Infleqtion stock traded down $0.48 during trading on Tuesday, reaching $15.87. The company’s stock had a trading volume of 33,475,397 shares, compared to its average volume of 6,881,982. Infleqtion has a one year low of $8.52 and a one year high of $27.50. The firm has a market capitalization of $3.44 billion and a PE ratio of -176.33.

Infleqtion (NYSE:INFQ) last released its earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on INFQ. BTIG Research initiated coverage on shares of Infleqtion in a research report on Friday, April 10th. They set a “buy” rating and a $22.00 target price on the stock. Citigroup started coverage on shares of Infleqtion in a research report on Tuesday, April 14th. They issued a “buy” rating and a $20.00 price target on the stock. UBS Group began coverage on shares of Infleqtion in a report on Wednesday, April 29th. They set a “buy” rating on the stock. Finally, Wall Street Zen raised shares of Infleqtion to a “sell” rating in a research report on Saturday, April 18th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Infleqtion presently has a consensus rating of “Buy” and an average price target of $21.00.

About Infleqtion

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. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.