Churchill Capital Corp VII (NYSE:CVII) Trading Down 11.4%

Churchill Capital Corp VII (NYSE:CVII)’s stock price fell 11.4% during mid-day trading on Tuesday . The stock traded as low as $9.99 and last traded at $10.94. 6,201 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 252,056 shares. The stock had previously closed at $12.35.

Churchill Capital Corp VII Stock Down 15.4 %

The company has a 50 day moving average price of $10.82 and a 200 day moving average price of $10.73.

Hedge Funds Weigh In On Churchill Capital Corp VII

Several hedge funds have recently added to or reduced their stakes in CVII. Picton Mahoney Asset Management raised its stake in shares of Churchill Capital Corp VII by 65.2% during the 4th quarter. Picton Mahoney Asset Management now owns 1,900,000 shares of the company’s stock worth $19,950,000 after buying an additional 750,000 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Churchill Capital Corp VII by 89.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,084,196 shares of the company’s stock worth $11,406,000 after buying an additional 513,241 shares during the period. Karpus Management Inc. purchased a new position in Churchill Capital Corp VII in the 1st quarter valued at about $5,389,000. Berkley W R Corp grew its position in shares of Churchill Capital Corp VII by 16.1% during the fourth quarter. Berkley W R Corp now owns 2,751,440 shares of the company’s stock worth $28,890,000 after buying an additional 380,817 shares in the last quarter. Finally, Ampfield Management L.P. acquired a new stake in Churchill Capital Corp VII during the fourth quarter valued at approximately $46,000. 61.16% of the stock is currently owned by hedge funds and other institutional investors.

About Churchill Capital Corp VII

Churchill Capital Corp VII does not have significant operations. The 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.