GP-Act III Acquisition Corp. (NASDAQ:GPATU – Get Free Report) shares shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $10.92 and last traded at $10.92. 16 shares changed hands during trading, a decline of 99% from the average session volume of 1,859 shares. The stock had previously closed at $10.87.
GP-Act III Acquisition Trading Up 0.5%
The business has a 50-day moving average price of $10.75 and a 200 day moving average price of $10.72.
Hedge Funds Weigh In On GP-Act III Acquisition
A hedge fund recently bought a new stake in GP-Act III Acquisition stock. Clear Street Group Inc. bought a new position in GP-Act III Acquisition Corp. (NASDAQ:GPATU – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 14,759 shares of the company’s stock, valued at approximately $158,000.
GP-Act III Acquisition Company Profile
GP-Act III Acquisition Corp. (NASDAQ: GPATU) is a Cayman Islands-exempted special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
The company has no commercial operations of its own. Its management team seeks to identify and complete a business combination with a target that offers strong growth potential and strategic fit.
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