Cantor Equity Partners (NASDAQ:CEP) Trading Down 30.1% – Here’s What Happened

Cantor Equity Partners, Inc. (NASDAQ:CEP) shares dropped 30.1% during mid-day trading on Tuesday . The company traded as low as $13.77 and last traded at $10.0850. Approximately 1,566,143 shares were traded during trading, an increase of 198% from the average daily volume of 526,064 shares. The stock had previously closed at $14.43.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cantor Equity Partners in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Cantor Equity Partners Stock Down 30.1%

The company has a market cap of $129.09 million, a PE ratio of -168.08 and a beta of -5.29. The stock has a 50-day moving average of $13.89 and a 200-day moving average of $21.76.

Institutional Trading of Cantor Equity Partners

A number of large investors have recently modified their holdings of the business. K2 Principal Fund L.P. purchased a new position in Cantor Equity Partners in the 1st quarter worth approximately $843,000. Telligent Fund LP purchased a new stake in shares of Cantor Equity Partners during the 2nd quarter valued at $834,000. Signaturefd LLC bought a new stake in shares of Cantor Equity Partners during the 2nd quarter worth $28,000. Foundations Investment Advisors LLC purchased a new position in Cantor Equity Partners in the second quarter worth $225,000. Finally, Burkett Financial Services LLC purchased a new position in Cantor Equity Partners in the second quarter worth $70,000.

About Cantor Equity Partners

Cantor Equity Partners, Inc is a blank check company, which engages in the purpose of effecting a merger, capital stock exchange, asset acquisition, stock 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.