Wolverine Asset Management LLC bought a new position in shares of StoneBridge Acquisition Co. (NASDAQ:APAC – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 501,429 shares of the company’s stock, valued at approximately $4,989,000. Wolverine Asset Management LLC owned approximately 6.23% of StoneBridge Acquisition as of its most recent SEC filing.
StoneBridge Acquisition Stock Performance
Shares of APAC stock opened at $10.09 on Monday. The company has a 50 day moving average of $10.04 and a 200-day moving average of $10.35. StoneBridge Acquisition Co. has a 12-month low of $9.87 and a 12-month high of $10.09.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
StoneBridge Acquisition Company Profile
StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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