Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd Sells 6,584,519 Shares of Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 6,584,519 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.69, for a total value of $96,726,584.11. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Maverick Capital Ltd also recently made the following trade(s):

• On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The shares were sold at an average price of $16.77, for a total value of $89,268,571.47.

Infleqtion Stock Performance

Shares of Infleqtion stock opened at $15.87 on Wednesday. The stock has a market cap of $3.46 billion and a PE ratio of -176.33. Infleqtion has a 12 month low of $8.52 and a 12 month high of $27.50.

Infleqtion (NYSE:INFQ) last announced its quarterly earnings data on Tuesday, March 31st. The quantum tech company reported ($0.83) EPS for the quarter.

Analyst Upgrades and Downgrades

INFQ has been the topic of several recent research reports. Wall Street Zen raised shares of Infleqtion to a “sell” rating in a report on Saturday, April 18th. BTIG Research initiated coverage on shares of Infleqtion in a report on Friday, April 10th. They set a “buy” rating and a $22.00 target price on the stock. UBS Group started coverage on shares of Infleqtion in a report on Wednesday, April 29th. They set a “buy” rating on the stock. Finally, Citigroup started coverage on Infleqtion in a research report on Tuesday, April 14th. They set a “buy” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $21.00.

About Infleqtion

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.