Stock Traders Buy Large Volume of Call Options on Infleqtion (NYSE:INFQ)

Infleqtion (NYSE:INFQ – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders bought 34,719 call options on the company. This is an increase of 131% compared to the typical daily volume of 15,044 call options.

Infleqtion Trading Up 28.0%

Shares of NYSE INFQ traded up $3.13 during trading on Thursday, reaching $14.31. The company had a trading volume of 37,971,898 shares, compared to its average volume of 5,481,077. The firm has a market capitalization of $3.10 billion and a PE ratio of -159.98. Infleqtion has a 12 month low of $8.52 and a 12 month high of $27.50.

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

Analyst Ratings Changes

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

View Our Latest Stock Report on INFQ

Infleqtion Company Profile

(Get Free Report)

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.

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