Churchill Capital Corp IV (NYSE:CCIV) Shares Gap Down to $57.37

Churchill Capital Corp IV (NYSE:CCIV) shares gapped down before the market opened on Tuesday . The stock had previously closed at $57.37, but opened at $38.30. Churchill Capital Corp IV shares last traded at $30.92, with a volume of 977,857 shares traded.

The business has a 50-day moving average price of $26.76.

A number of institutional investors and hedge funds have recently modified their holdings of the business. AlphaMark Advisors LLC acquired a new position in shares of Churchill Capital Corp IV in the 4th quarter valued at about $25,000. Seelaus Asset Management LLC acquired a new position in shares of Churchill Capital Corp IV in the 4th quarter valued at about $134,000. Wellspring Financial Advisors LLC acquired a new position in shares of Churchill Capital Corp IV in the 4th quarter valued at about $175,000. LPL Financial LLC acquired a new position in shares of Churchill Capital Corp IV in the 4th quarter valued at about $196,000. Finally, Water Island Capital LLC lifted its holdings in shares of Churchill Capital Corp IV by 20.0% in the 4th quarter. Water Island Capital LLC now owns 120,006 shares of the company’s stock valued at $1,001,000 after buying an additional 20,006 shares during the period. 25.18% of the stock is owned by institutional investors.

About Churchill Capital Corp IV (NYSE:CCIV)

Churchill Capital Corp IV does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

Further Reading: Are sell-side analysts objective?

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