Investors Buy Large Volume of Cantor Equity Partners Put Options (NASDAQ:CEPO)

Cantor Equity Partners, Inc. (NASDAQ:CEPO) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 2,331 put options on the company. This represents an increase of approximately 657% compared to the typical volume of 308 put options.

Insider Buying and Selling at Cantor Equity Partners

In related news, major shareholder Harraden Circle Investments, L sold 250,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $10.43, for a total transaction of $2,607,500.00. Following the completion of the transaction, the insider directly owned 2,048,679 shares of the company’s stock, valued at approximately $21,367,721.97. This trade represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Trading of Cantor Equity Partners

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in Cantor Equity Partners during the first quarter worth approximately $78,000. PenderFund Capital Management Ltd. purchased a new position in shares of Cantor Equity Partners in the 1st quarter worth approximately $102,000. Radcliffe Capital Management L.P. bought a new position in shares of Cantor Equity Partners during the 3rd quarter valued at approximately $136,000. Qube Research & Technologies Ltd purchased a new stake in Cantor Equity Partners during the 2nd quarter valued at $155,000. Finally, Whalen Wealth Management Inc. bought a new stake in Cantor Equity Partners in the third quarter worth $140,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cantor Equity Partners in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cantor Equity Partners presently has a consensus rating of “Sell”.

Cantor Equity Partners Stock Performance

NASDAQ CEPO opened at $10.44 on Friday. The stock has a 50 day moving average price of $10.46 and a 200-day moving average price of $10.99. Cantor Equity Partners has a one year low of $10.04 and a one year high of $16.50. The company has a market capitalization of $266.22 million and a P/E ratio of 61.41.

Cantor Equity Partners (NASDAQ:CEPO) last released its quarterly earnings results on Friday, November 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

About Cantor Equity Partners

Cantor Equity Partners I, Inc is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share 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.