Churchill Capital Corp II (CCX): Time to Buy this stock

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Churchill Capital Corp II (NYSE:CCX) changes shares on Tuesday trading session, with a change of 1.44% or $0.15 shares. The trading starts at $10.26 and closed at $10.41 throughout the day. The trading session low price was $10.26 and day high was $10.59 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.7 million while its average volume is 344.44K. In other hand, the CCX market cap reached to $728.64M.

On February 13, 2020, CORRECTED-IFR US ECM Calendar. According to the news reported on Reuters, Avrobio (US, biotech) – $100m ABB. 4.35m shares (100% prim) at $23.00 versus $22.00-$24.00 marketing and $26.91 last sale. MS, COWN, WF, GUGG.

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 -4.43% and down -4.86% for month. Its quarterly performance was 4.35% above, while its half year performance is down -2.67%. CCX performance rise 2.26% 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 0.83% for period of 200 days. SMA for 50 days was -3.52% which is showing red signal, while SMA-20 was -4.79%. The moving average value for Churchill Capital Corp II (CCX) is 10.56 and 11.05 for 200 and 50 days respectively.