Infleqtion (NYSE:INFQ) Director Kristina Johnson Sells 30,000 Shares

Infleqtion (NYSE:INFQ – Get Free Report) Director Kristina Johnson sold 30,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $16.45, for a total transaction of $493,500.00. Following the sale, the director directly owned 30,000 shares of the company’s stock, valued at $493,500. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Infleqtion Stock Up 9.5%

Shares of INFQ stock traded up $1.54 during trading hours on Monday, hitting $17.76. 29,017,741 shares of the company were exchanged, compared to its average volume of 19,302,242. Infleqtion has a 52 week low of $8.52 and a 52 week high of $27.50. The company has a market capitalization of $3.87 billion and a price-to-earnings ratio of -197.30.

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

Wall Street Analyst Weigh In

INFQ has been the topic of a number of recent research reports. UBS Group initiated coverage on shares of Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating on the stock. Wall Street Zen raised shares of Infleqtion from a “sell” rating to a “hold” rating in a research report on Saturday. 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 price target on the stock. Weiss Ratings initiated coverage on shares of Infleqtion in a research report on Wednesday, May 27th. They set a “sell (d)” rating on the stock. Finally, Citigroup initiated coverage on shares of Infleqtion in a research report on Tuesday, April 14th. They set a “buy” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.00.

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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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