Churchill Capital Corp X (NASDAQ:CCCX) Shares Down 7.6% – What’s Next?

Churchill Capital Corp X (NASDAQ:CCCX)’s share price fell 7.6% during mid-day trading on Monday . The company traded as low as $17.20 and last traded at $17.26. 1,254,591 shares were traded during mid-day trading, a decline of 57% from the average session volume of 2,891,852 shares. The stock had previously closed at $18.68.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Churchill Capital Corp X in a report on Saturday, October 18th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Churchill Capital Corp X presently has an average rating of “Sell”.

Churchill Capital Corp X Price Performance

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CCCX. MGO One Seven LLC acquired a new stake in Churchill Capital Corp X during the third quarter worth approximately $129,000. Pekin Hardy Strauss Inc. bought a new position in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $356,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $386,000. Highbridge Capital Management LLC bought a new position in Churchill Capital Corp X during the third quarter worth $17,797,000. Finally, Alberta Investment Management Corp acquired a new stake in Churchill Capital Corp X in the third quarter worth $19,290,000.

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.