Churchill Capital Corp IX (NASDAQ:CCIX) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Churchill Capital Corp IX (NASDAQ:CCIX) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.67 and traded as high as $10.82. Churchill Capital Corp IX shares last traded at $10.78, with a volume of 6,890 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCIX. Wall Street Zen upgraded shares of Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Churchill Capital Corp IX Stock Up 0.1%

The company has a fifty day moving average of $10.74 and a two-hundred day moving average of $10.67. The stock has a market capitalization of $395.19 million, a price-to-earnings ratio of 56.74 and a beta of -0.05.

Churchill Capital Corp IX (NASDAQ:CCIX) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter.

Institutional Investors Weigh In On Churchill Capital Corp IX

Several hedge funds have recently modified their holdings of CCIX. Longfellow Investment Management Co. LLC acquired a new stake in shares of Churchill Capital Corp IX during the third quarter worth $83,000. Mercuria Capital Strategies LLC acquired a new stake in Churchill Capital Corp IX in the fourth quarter valued at $93,000. Bank of America Corp DE acquired a new stake in Churchill Capital Corp IX in the first quarter valued at $107,000. FNY Investment Advisers LLC lifted its holdings in Churchill Capital Corp IX by 494.1% in the third quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after acquiring an additional 11,810 shares during the period. Finally, Lineage Point Capital LP acquired a new stake in Churchill Capital Corp IX in the fourth quarter valued at $360,000.

About Churchill Capital Corp IX

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.