Churchill Capital Corp VII (NYSE:CVII) Sees Strong Trading Volume

Shares of Churchill Capital Corp VII (NYSE:CVII) saw unusually-high trading volume on Thursday . Approximately 375,637 shares traded hands during trading, an increase of 55% from the previous session’s volume of 242,617 shares.The stock last traded at $10.72 and had previously closed at $10.72.

Churchill Capital Corp VII Stock Performance

The firm’s 50 day simple moving average is $10.71 and its 200 day simple moving average is $10.60.

Institutional Trading of Churchill Capital Corp VII

Several hedge funds have recently added to or reduced their stakes in the business. Ampfield Management L.P. purchased a new position in shares of Churchill Capital Corp VII in the fourth quarter worth about $46,000. Trexquant Investment LP grew its position in Churchill Capital Corp VII by 9.7% during the 4th quarter. Trexquant Investment LP now owns 14,403 shares of the company’s stock worth $151,000 after acquiring an additional 1,279 shares during the last quarter. TrueMark Investments LLC bought a new stake in Churchill Capital Corp VII in the fourth quarter valued at approximately $210,000. Deltec Asset Management LLC lifted its position in Churchill Capital Corp VII by 22.2% in the first quarter. Deltec Asset Management LLC now owns 110,000 shares of the company’s stock valued at $1,177,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Mizuho Securities USA LLC purchased a new stake in shares of Churchill Capital Corp VII during the fourth quarter valued at approximately $1,578,000. 61.16% of the stock is owned by institutional investors.

About Churchill Capital Corp VII

Churchill Capital Corp VII, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.