Linden Advisors LP Makes New Investment in Churchill Capital Corp X $CCCX

Linden Advisors LP bought a new stake in Churchill Capital Corp X (NASDAQ:CCCX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 850,000 shares of the company’s stock, valued at approximately $10,931,000. Linden Advisors LP owned approximately 1.63% of Churchill Capital Corp X as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CCCX. Group One Trading LLC purchased a new position in shares of Churchill Capital Corp X during the 3rd quarter worth $52,000. ATW Spac Management LLC purchased a new stake in shares of Churchill Capital Corp X in the third quarter valued at about $129,000. MGO One Seven LLC acquired a new stake in Churchill Capital Corp X during the third quarter worth about $129,000. Cantor Fitzgerald L. P. purchased a new position in Churchill Capital Corp X during the third quarter worth about $283,000. Finally, Bank of America Corp DE purchased a new position in Churchill Capital Corp X during the third quarter worth about $322,000.

Churchill Capital Corp X Price Performance

CCCX stock opened at $13.66 on Tuesday. Churchill Capital Corp X has a 52-week low of $10.03 and a 52-week high of $27.50. The stock’s fifty day simple moving average is $14.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Churchill Capital Corp X in a report on Monday, December 29th. One investment 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”.

About Churchill Capital Corp X

Churchill Capital Corp X (NASDAQ: CCCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through an initial public offering for the purpose of effecting one or more business combinations. As a SPAC, it initially holds the proceeds from its public offering in a trust account while management and the sponsor identify and negotiate a potential merger, acquisition, or other qualifying business combination that would result in the acquired company becoming publicly listed.

The company’s primary activities are sourcing, evaluating and completing a business combination with a target company.