Stock Traders Purchase Large Volume of Cantor Equity Partners Put Options (NASDAQ:CEPO)

by · The Cerbat Gem

Cantor Equity Partners, Inc. (NASDAQ:CEPO – Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors acquired 2,331 put options on the stock. This is an increase of approximately 657% compared to the average daily volume of 308 put options.

Insiders Place Their Bets

In other news, major shareholder Harraden Circle Investments, L sold 250,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $10.43, for a total value of $2,607,500.00. Following the completion of the transaction, the insider owned 2,048,679 shares of the company’s stock, valued at $21,367,721.97. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Cantor Equity Partners

Large investors have recently bought and sold shares of the business. Berkley W R Corp boosted its stake in shares of Cantor Equity Partners by 4.3% during the third quarter. Berkley W R Corp now owns 170,994 shares of the company’s stock valued at $1,789,000 after purchasing an additional 7,096 shares during the period. Quarry LP bought a new stake in Cantor Equity Partners during the 1st quarter valued at about $78,000. PenderFund Capital Management Ltd. purchased a new stake in Cantor Equity Partners in the 1st quarter valued at about $102,000. Radcliffe Capital Management L.P. bought a new position in Cantor Equity Partners in the 3rd quarter worth about $136,000. Finally, Qube Research & Technologies Ltd bought a new position in Cantor Equity Partners in the 2nd quarter worth about $155,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cantor Equity Partners in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Stock Report on CEPO

Cantor Equity Partners Price Performance

Shares of NASDAQ:CEPO remained flat at $10.58 during trading on Wednesday. 11,594 shares of the company were exchanged, compared to its average volume of 367,343. The stock has a market cap of $269.79 million and a PE ratio of 62.24. Cantor Equity Partners has a 1 year low of $10.04 and a 1 year high of $16.50. The company’s 50 day moving average price is $10.46 and its 200 day moving average price is $11.00.

Cantor Equity Partners (NASDAQ:CEPO – Get Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported $0.05 earnings per share for the quarter.

About Cantor Equity Partners

(Get Free Report)

Cantor Equity Partners I, Inc is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 11, 2020 and is headquartered in New York, NY.

Read More