Calamos Advisors Acquires 100,000 Shares in Churchill Capital Corp X/Cayman

Calamos Advisors LLC has taken a significant step in the investment landscape by acquiring 100,000 shares of Churchill Capital Corp X/Cayman (NASDAQ: CCCXU) during the second quarter of 2023. The purchase was disclosed in the firm’s recent Form 13F filing with the Securities and Exchange Commission, reflecting a total investment of approximately $1,030,000.

This acquisition is part of a broader trend, as multiple large investors have adjusted their stakes in Churchill Capital Corp X/Cayman. For instance, Tuttle Capital Management LLC entered a new position valued at around $206,000. Similarly, Wolverine Asset Management LLC acquired shares worth approximately $1,030,000, while Levin Capital Strategies L.P. purchased shares for about $317,000. Wealthspring Capital LLC also made an investment in the company, totaling around $994,000. Notably, MMCAP International Inc. SPC made a substantial investment of $20,601,000 during the same quarter.

Current Stock Performance and Market Analysis

As of Friday, shares of Churchill Capital Corp X/Cayman opened at $19.52. The company’s fifty-day moving average stands at $17.97. Over the past year, the stock has experienced significant fluctuations, with a low of $10.22 and a high of $31.05.

Churchill Capital Corp X/Cayman operates as a blank check company incorporated in the Cayman Islands. Its primary aim is to engage in mergers, amalgamations, share exchanges, asset acquisitions, or similar business combinations, which they refer to as their initial business combination.

The recent activity surrounding Churchill Capital Corp X/Cayman highlights the growing interest from institutional investors, signaling confidence in the company’s potential for future growth and strategic opportunities.

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