Cantor Equity Partners (NASDAQ:CEP) Trading Down 30.1% – Here’s What Happened

Cantor Equity Partners, Inc. (NASDAQ:CEP) dropped 30.1% on Tuesday . The company traded as low as $13.77 and last traded at $10.0850. Approximately 1,566,143 shares were traded during trading, an increase of 198% from the average daily volume of 526,064 shares. The stock had previously closed at $14.43.

Wall Street Analyst Weigh In

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

Cantor Equity Partners Price Performance

The firm’s 50 day simple moving average is $13.89 and its two-hundred day simple moving average is $21.76. The firm has a market capitalization of $129.09 million, a P/E ratio of -168.08 and a beta of -5.29.

Institutional Investors Weigh In On Cantor Equity Partners

Several institutional investors have recently bought and sold shares of CEP. Beaird Harris Wealth Management LLC increased its stake in Cantor Equity Partners by 32.3% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 3,277 shares of the company’s stock worth $73,000 after purchasing an additional 800 shares during the period. IMC Chicago LLC boosted its stake in shares of Cantor Equity Partners by 302.0% during the third quarter. IMC Chicago LLC now owns 14,165 shares of the company’s stock valued at $317,000 after purchasing an additional 10,641 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of Cantor Equity Partners by 50.5% in the third quarter. Foundations Investment Advisors LLC now owns 12,210 shares of the company’s stock worth $273,000 after purchasing an additional 4,097 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Cantor Equity Partners by 83.4% in the third quarter. Farther Finance Advisors LLC now owns 1,174 shares of the company’s stock worth $26,000 after buying an additional 534 shares during the period. Finally, Osaic Holdings Inc. purchased a new position in shares of Cantor Equity Partners in the second quarter worth $452,000.

Cantor Equity Partners Company Profile

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.