Infleqtion (NYSE:INFQ) Trading Down 5.3% – Here’s What Happened

Shares of Infleqtion (NYSE:INFQ) fell 5.3% during trading on Thursday . The company traded as low as $14.20 and last traded at $14.2090. 3,228,573 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 3,069,593 shares. The stock had previously closed at $15.00.

Analysts Set New Price Targets

A number of research firms have recently commented on INFQ. Citigroup began coverage on shares of Infleqtion in a research report on Tuesday. They issued a “buy” rating and a $20.00 price objective for the company. BTIG Research began coverage on shares of Infleqtion in a research report on Friday, April 10th. They issued a “buy” rating and a $22.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $21.00.

Infleqtion Price Performance

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.