Churchill Capital Corp IX (NASDAQ:CCIX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Churchill Capital Corp IX (NASDAQ:CCIX) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.74 and traded as high as $10.87. Churchill Capital Corp IX shares last traded at $10.87, with a volume of 1,206,407 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. Wall Street Zen upgraded Churchill Capital Corp IX to a “sell” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Churchill Capital Corp IX Price Performance

The company has a market capitalization of $398.49 million, a P/E ratio of 57.21 and a beta of -0.05. The stock’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $10.74.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in shares of Churchill Capital Corp IX in the first quarter valued at approximately $107,000. Berkley W R Corp increased its position in Churchill Capital Corp IX by 93.4% during the first quarter. Berkley W R Corp now owns 1,810,437 shares of the company’s stock worth $19,335,000 after acquiring an additional 874,256 shares during the period. Lineage Point Capital LP bought a new position in Churchill Capital Corp IX during the fourth quarter worth $360,000. TENOR CAPITAL MANAGEMENT Co. L.P. increased its position in Churchill Capital Corp IX by 88.0% during the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock worth $28,724,000 after acquiring an additional 1,264,688 shares during the period. Finally, Meteora Capital LLC raised its stake in Churchill Capital Corp IX by 42.2% during the 4th quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock valued at $10,095,000 after purchasing an additional 281,628 shares during the last quarter.

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.