CHURCHILL CAP C/SH (NYSE:CCC) Sees Strong Trading Volume

CHURCHILL CAP C/SH (NYSE:CCC) shares saw unusually-high trading volume on Thursday . Approximately 2,599 shares were traded during mid-day trading, a decline of 100% from the previous session’s volume of 630,716 shares.The stock last traded at $17.68 and had previously closed at $17.66.

CCC has been the topic of a number of research reports. Zacks Investment Research raised shares of CHURCHILL CAP C/SH from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. William Blair initiated coverage on shares of CHURCHILL CAP C/SH in a research note on Thursday, May 16th. They issued an “outperform” rating on the stock. Citigroup initiated coverage on shares of CHURCHILL CAP C/SH in a research note on Thursday, July 18th. They issued a “neutral” rating and a $17.00 price target on the stock. Finally, B. Riley set a $16.00 price target on shares of CHURCHILL CAP C/SH and gave the stock a “buy” rating in a research note on Wednesday, August 7th.

The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.02. The company’s 50-day simple moving average is $16.19 and its 200 day simple moving average is $13.89.

An institutional investor recently bought a new position in CHURCHILL CAP C/SH stock. Janus Henderson Group PLC bought a new position in shares of CHURCHILL CAP C/SH (NYSE:CCC) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,131,942 shares of the industrial products company’s stock, valued at approximately $42,093,000. Janus Henderson Group PLC owned about 4.54% of CHURCHILL CAP C/SH at the end of the most recent reporting period.

CHURCHILL CAP C/SH Company Profile (NYSE:CCC)

Churchill Capital Corp, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in New York, New York.

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