Key Points
- Maverick Capital Ltd, a director of Infleqtion, sold 5,323,111 shares on May 22 at an average price of $16.77, generating about $89.3 million.
- The same investor also sold 6,584,519 shares the day before, May 21, at an average price of $14.69, for roughly $96.7 million.
- Infleqtion opened at $15.87 and has a market cap of $3.46 billion; analysts currently have an average Buy rating with a $21.00 target price.
Infleqtion (NYSE:INFQ - Get Free Report) Director Maverick Capital Ltd sold 5,323,111 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $16.77, for a total transaction of $89,268,571.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Maverick Capital Ltd also recently made the following trade(s):
- On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The stock was sold at an average price of $14.69, for a total transaction of $96,726,584.11.
Infleqtion Price Performance
INFQ opened at $15.87 on Wednesday. Infleqtion has a twelve month low of $8.52 and a twelve month high of $27.50. The stock has a market cap of $3.46 billion and a P/E ratio of -176.33.
Infleqtion (NYSE:INFQ - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share for the quarter.
Wall Street Analyst Weigh In
Several research firms recently commented on INFQ. UBS Group began coverage on Infleqtion in a research note on Wednesday, April 29th. They issued a "buy" rating for the company. BTIG Research began coverage on Infleqtion in a research note on Friday, April 10th. They issued a "buy" rating and a $22.00 price objective for the company. Wall Street Zen raised Infleqtion to a "sell" rating in a research note on Saturday, April 18th. Finally, Citigroup began coverage on Infleqtion in a research note on Tuesday, April 14th. They issued a "buy" rating and a $20.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Infleqtion currently has an average rating of "Buy" and an average target price of $21.00.
Read Our Latest Stock Analysis on Infleqtion
Infleqtion Company Profile
(
Get Free Report)
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.
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