Investors Purchase Large Volume of Call Options on Cantor Equity Partners (NASDAQ:CEP)

Cantor Equity Partners, Inc. (NASDAQ:CEP) saw some unusual options trading activity on Thursday. Stock traders purchased 3,928 call options on the company. This represents an increase of 94% compared to the typical daily volume of 2,028 call options.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cantor Equity Partners in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Cantor Equity Partners Price Performance

NASDAQ CEP opened at $14.43 on Friday. The company has a market cap of $184.70 million, a P/E ratio of -240.50 and a beta of -5.33. Cantor Equity Partners has a 12 month low of $10.25 and a 12 month high of $59.75. The company has a 50-day moving average of $17.83 and a 200-day moving average of $25.76.

Hedge Funds Weigh In On Cantor Equity Partners

A number of hedge funds have recently made changes to their positions in CEP. Farther Finance Advisors LLC grew its position in Cantor Equity Partners by 83.4% in the third quarter. Farther Finance Advisors LLC now owns 1,174 shares of the company’s stock valued at $26,000 after acquiring an additional 534 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its stake in shares of Cantor Equity Partners by 32.3% in the third quarter. Beaird Harris Wealth Management LLC now owns 3,277 shares of the company’s stock valued at $73,000 after purchasing an additional 800 shares during the period. Signaturefd LLC purchased a new position in shares of Cantor Equity Partners in the second quarter valued at $28,000. NewEdge Advisors LLC acquired a new stake in Cantor Equity Partners during the 2nd quarter valued at $32,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Cantor Equity Partners during the 2nd quarter worth $60,000.

About Cantor Equity Partners

Cantor Equity Partners, Inc is a blank check company, which engages in 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.