Freedom Acquisition I (NASDAQ:FACT) Trading 0.1% Higher – Time to Buy?

Shares of Freedom Acquisition I Corp. (NASDAQ:FACT) rose 0.1% during trading on Wednesday . The company traded as high as $10.63 and last traded at $10.63. 133 shares were traded during trading, a decline of 100% from the average daily volume of 87,484 shares. The stock had previously closed at $10.62.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Freedom Acquisition I in a report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Freedom Acquisition I Stock Performance

The firm has a 50-day moving average price of $10.64 and a 200-day moving average price of $10.54.

Freedom Acquisition I (NASDAQ:FACT) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.04 earnings per share for the quarter.

Hedge Funds Weigh In On Freedom Acquisition I

Several hedge funds have recently made changes to their positions in the business. Rangeley Capital LLC bought a new stake in shares of Freedom Acquisition I in the 1st quarter worth approximately $163,000. Clear Street Group Inc. acquired a new position in Freedom Acquisition I in the third quarter worth approximately $455,000. Moore Capital Management LP acquired a new position in Freedom Acquisition I in the second quarter worth approximately $1,033,000. Sandia Investment Management LP bought a new position in shares of Freedom Acquisition I in the second quarter valued at $1,287,000. Finally, Whitebox Advisors LLC bought a new position in shares of Freedom Acquisition I in the second quarter valued at $2,572,000. Institutional investors and hedge funds own 55.82% of the company’s stock.

Freedom Acquisition I Company Profile

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.