Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP) Sees Large Volume Increase – Here’s Why

Shares of Cantor Equity Partners, Inc. Class A Ordinary Shares (NASDAQ:CEP) saw unusually-strong trading volume on Friday . Approximately 2,299,136 shares were traded during trading, an increase of 11% from the previous session’s volume of 2,070,426 shares.The stock last traded at $54.81 and had previously closed at $50.00.

Cantor Equity Partners, Inc. Class A Ordinary Shares Trading Down 6.0 %

The stock’s 50-day moving average price is $14.38 and its 200 day moving average price is $11.71.

Hedge Funds Weigh In On Cantor Equity Partners, Inc. Class A Ordinary Shares

Large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new stake in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares during the third quarter valued at approximately $100,000. Wealthspring Capital LLC increased its holdings in Cantor Equity Partners, Inc. Class A Ordinary Shares by 6.1% in the 4th quarter. Wealthspring Capital LLC now owns 22,408 shares of the company’s stock valued at $232,000 after buying an additional 1,298 shares during the period. Rangeley Capital LLC bought a new stake in Cantor Equity Partners, Inc. Class A Ordinary Shares in the 4th quarter valued at $275,000. JPMorgan Chase & Co. acquired a new position in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares in the 4th quarter valued at $1,032,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Cantor Equity Partners, Inc. Class A Ordinary Shares by 119.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 183,593 shares of the company’s stock worth $1,895,000 after acquiring an additional 100,000 shares during the period.

About Cantor Equity Partners, Inc. Class A Ordinary Shares

Cantor Equity Partners, Inc operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on November 11, 2020 and is headquartered in New York, NY.