Live Oak Acquisition Corp. II (NYSE:LOKB) Major Shareholder Atalaya Capital Management Lp Acquires 1,639,051 Shares

Live Oak Acquisition Corp. II (NYSE:LOKB) major shareholder Atalaya Capital Management Lp purchased 1,639,051 shares of Live Oak Acquisition Corp. II stock in a transaction that occurred on Monday, October 11th. The shares were bought at an average price of $10.05 per share, with a total value of $16,472,462.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

LOKB stock opened at $10.56 on Thursday. Live Oak Acquisition Corp. II has a one year low of $9.66 and a one year high of $13.24. The company’s 50 day moving average price is $9.99 and its two-hundred day moving average price is $9.97.

Separately, Craig Hallum initiated coverage on shares of Live Oak Acquisition Corp. II in a research report on Wednesday, September 1st. They issued a “buy” rating and a $14.00 price objective for the company.

Large investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in shares of Live Oak Acquisition Corp. II in the 2nd quarter worth about $59,000. Black Maple Capital Management LP purchased a new position in Live Oak Acquisition Corp. II in the 2nd quarter worth about $103,000. Qube Research & Technologies Ltd purchased a new position in Live Oak Acquisition Corp. II in the 2nd quarter worth about $208,000. Wexford Capital LP purchased a new stake in shares of Live Oak Acquisition Corp. II during the 1st quarter valued at about $233,000. Finally, Polygon Management Ltd. purchased a new stake in shares of Live Oak Acquisition Corp. II during the 2nd quarter valued at about $303,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

About Live Oak Acquisition Corp. II

Live Oak Acquisition Corp. II is a blank check company. The company was founded in 2020 and is based in Memphis, Tennessee.

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