Churchill Capital Corp II (CCX): Look at its Technical Analysis

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Churchill Capital Corp II (NYSE:CCX) changes shares on Friday trading session, with a change of 0.05% or $0.0 shares. The trading starts at $10.85 and closed at $10.85 throughout the day. The trading session low price was $10.76 and day high was $10.855 on Friday, June 26. After the session, the Financial sector daily volume shifted to 14434.0 while its average volume is 207.49K. In other hand, the CCX market cap reached to $748.99M. While, its current target price is $10.86 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.63% and up 4.58% for month. Its quarterly performance was 9.10% above, while its half year performance is up 5.39%. CCX performance rise 5.12% for year-to-date.

Let’s take a look on the analyst recommendations on CCX for the current month and previous month. For the current month, 0 of 0 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings.

Bank of Montreal/Can/, HGC Investment Management Inc. and Polar Asset Management Partners Inc. are the top three holders in Churchill Capital Corp II (CCX) stock. On Mar 30, 2020, Bank of Montreal/Can/ has 3.77 million shares which valued 37.55 million. On Mar 30, 2020, HGC Investment Management Inc. owned 3.71 million shares which valued at 36.95 million. On Mar 30, 2020, Polar Asset Management Partners Inc. has a total of 3.37 million shares which valued at 33.55 million. In the end, Polar Asset Management Partners Inc. have 4.89% shares outstanding of Churchill Capital Corp II (CCX) on Mar 30, 2020. The institutional holding shifted to 38.40%.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CCX rise 5.11% for period of 200 days. SMA for 50 days was 3.44% which is showing green signal, while SMA-20 was 0.08%. The moving average value for Churchill Capital Corp II (CCX) is 10.42 and 10.65 for 200 and 50 days respectively.