Shares of Churchill Capital Corp XII (NASDAQ:CXII – Get Free Report) saw an uptick in trading volume on Friday. 342,968 shares were traded during trading, an increase of 373% from the previous session’s volume of 72,543 shares. The stock last traded at $10.3340 and had previously closed at $10.35.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Weiss Ratings assumed coverage on Churchill Capital Corp XII in a research note on Friday, September 11th. They set a “sell (e)” rating on the stock. Wall Street Zen raised shares of Churchill Capital Corp XII to a “hold” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Churchill Capital Corp XII presently has an average rating of “Sell”.
Check Out Our Latest Research Report on CXII
Churchill Capital Corp XII Stock Performance
The firm has a market cap of $574.16 million and a PE ratio of 206.72. The firm has a 50 day moving average of $10.69.
Churchill Capital Corp XII Company Profile
Churchill Capital Corp XII is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more private companies. Rather than operating a traditional commercial business, the company was established to raise capital through a public offering and use those proceeds, together with other financing, to acquire or merge with a target business.
Churchill Capital Corp XII has not publicly identified a specific target company, industry focus, product portfolio, or operating geography.
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