Shares of 26 Capital Acquisition Corp. (NASDAQ:ADER) shot up 0.1% during mid-day trading on Monday . The stock traded as high as $9.72 and last traded at $9.71. 54,064 shares were traded during mid-day trading, a decline of 14% from the average session volume of 63,148 shares. The stock had previously closed at $9.70.
The business has a fifty day moving average of $9.70.
Institutional investors have recently modified their holdings of the company. TIG Advisors LLC purchased a new position in shares of 26 Capital Acquisition during the 1st quarter worth $97,000. Alberta Investment Management Corp bought a new stake in 26 Capital Acquisition in the 2nd quarter valued at $101,000. Flow Traders U.S. LLC bought a new stake in 26 Capital Acquisition in the 1st quarter valued at $104,000. Wolverine Asset Management LLC bought a new stake in 26 Capital Acquisition in the 1st quarter valued at $123,000. Finally, Ramius Advisors LLC bought a new stake in shares of 26 Capital Acquisition in the 2nd quarter worth about $123,000. Institutional investors and hedge funds own 61.36% of the company’s stock.
26 Capital Acquisition Corp. is a blank check company that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses. The company was founded in 2020 and is based in Miami, Florida.
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