Churchill Capital Corp VII [NYSE: CVII] gained 0.47% or 0.05 points to close at $10.60 with a heavy trading volume of 7006244 shares. The company report on January 30, 2024 at 5:41 PM that Churchill Capital Corp VII Announces Continuation of $1,000,000 Monthly Sponsor Contribution.
Special meeting of stockholders of Churchill VII scheduled for February 8, 2024 to extend date by which Churchill VII must consummate its business combination with CorpAcq Holdings Limited.
Churchill Capital Corp VII (“Churchill VII”) announced today actions being undertaken in advance of a special meeting of its stockholders (the “Special Meeting”) on February 8, 2024, at which Churchill VII’s stockholders will be asked to vote on, among other things, a proposal to amend Churchill VII’s amended and restated certificate of incorporation to extend the date by which Churchill VII has to consummate its business combination with CorpAcq Holdings Limited (“CorpAcq”) from February 17, 2024 to August 17, 2024 or such earlier date as determined by the Churchill VII board of directors (the “Board”) (the “Extension Amendment Proposal”).
The daily chart for CVII points out that the company has recorded 2.12% gains over the past six months.
If we look at the average trading volume of 118.09K shares, CVII reached to a volume of 7006244 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Churchill Capital Corp VII [CVII]:
The Average True Range (ATR) for Churchill Capital Corp VII is set at 0.03 The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 0.02.
Trading performance analysis for CVII stock
Churchill Capital Corp VII [CVII] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.47. With this latest performance, CVII shares gained by 0.95% in over the last four-week period, additionally plugging by 2.12% over the last 6 months – not to mention a rise of 5.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CVII stock in for the last two-week period is set at 74.81, with the RSI for the last a single of trading hit 77.91, and the three-weeks RSI is set at 72.36 for Churchill Capital Corp VII [CVII]. The present Moving Average for the last 50 days of trading for this stock 10.51, while it was recorded at 10.56 for the last single week of trading, and 10.39 for the last 200 days.
Churchill Capital Corp VII [CVII]: A deeper dive into fundamental analysis
Churchill Capital Corp VII’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.14 and a Current Ratio set at 0.14.
An analysis of Institutional ownership at Churchill Capital Corp VII [CVII]
The top three institutional holders of CVII stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CVII stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CVII stock with ownership which is approximately 5.8325%.
