1RT Acquisition (NASDAQ:ONCHU) Shares Down 1% – Should You Sell?

1RT Acquisition Corp. (NASDAQ:ONCHU) dropped 1% during trading on Thursday . The stock traded as low as $10.50 and last traded at $10.52. Approximately 27,227 shares changed hands during trading, a decline of 60% from the average daily volume of 68,081 shares. The stock had previously closed at $10.63.

1RT Acquisition Price Performance

The company has a fifty day moving average of $10.53.

Hedge Funds Weigh In On 1RT Acquisition

Several large investors have recently modified their holdings of ONCHU. MMCAP International Inc. SPC acquired a new position in 1RT Acquisition in the 3rd quarter valued at about $6,330,000. Magnetar Financial LLC bought a new stake in shares of 1RT Acquisition during the third quarter worth approximately $1,049,000. DLD Asset Management LP bought a new stake in shares of 1RT Acquisition during the third quarter worth approximately $897,000. Fifth Lane Capital LP acquired a new position in shares of 1RT Acquisition in the third quarter valued at approximately $524,000. Finally, JPMorgan Chase & Co. bought a new position in shares of 1RT Acquisition during the third quarter worth approximately $524,000.

1RT Acquisition Company Profile

We are a blank check company incorporated on December 13, 2024 as a Cayman Islands exempted company and incorporated 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.