Infleqtion Target of Unusually High Options Trading (NYSE:INFQ)

Infleqtion (NYSE:INFQ) was the target of unusually large options trading activity on Tuesday. Investors bought 52,908 put options on the stock. This represents an increase of approximately 371% compared to the typical daily volume of 11,222 put options.

Wall Street Analysts Forecast Growth

Several research analysts have commented on INFQ shares. BTIG Research initiated coverage on shares of Infleqtion in a report on Friday, April 10th. They set a “buy” rating and a $22.00 price objective for the company. Wall Street Zen upgraded Infleqtion to a “sell” rating in a research report on Saturday. Finally, Citigroup began coverage on Infleqtion in a research note on Tuesday, April 14th. They set a “buy” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Infleqtion presently has a consensus rating of “Buy” and an average target price of $21.00.

Infleqtion Stock Performance

Shares of INFQ opened at $14.98 on Wednesday. Infleqtion has a fifty-two week low of $8.52 and a fifty-two week high of $27.50.

Infleqtion Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.