Plum Acquisition Corp. IV (NASDAQ:PLMK – Get Free Report) posted its earnings results on Friday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports.
Plum Acquisition Corp. IV Stock Performance
Shares of PLMK stock traded down $0.01 during mid-day trading on Friday, reaching $10.56. 237 shares of the company’s stock traded hands, compared to its average volume of 15,916. The company’s 50-day moving average price is $10.63 and its 200-day moving average price is $10.59. Plum Acquisition Corp. IV has a 12 month low of $10.27 and a 12 month high of $12.00.
Hedge Funds Weigh In On Plum Acquisition Corp. IV
Hedge funds have recently bought and sold shares of the company. Glazer Capital LLC raised its stake in shares of Plum Acquisition Corp. IV by 1.7% in the fourth quarter. Glazer Capital LLC now owns 783,339 shares of the company’s stock worth $8,170,000 after purchasing an additional 13,107 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Plum Acquisition Corp. IV during the fourth quarter valued at $157,000. Radcliffe Capital Management L.P. increased its holdings in Plum Acquisition Corp. IV by 5.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock worth $4,693,000 after buying an additional 23,725 shares in the last quarter. Crossingbridge Advisors LLC bought a new stake in Plum Acquisition Corp. IV in the 4th quarter worth about $262,000. Finally, Virtu Financial LLC purchased a new position in Plum Acquisition Corp. IV in the 4th quarter worth about $352,000.
Analyst Upgrades and Downgrades
View Our Latest Analysis on PLMK
About Plum Acquisition Corp. IV
Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.
The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.
Although Plum Acquisition Corp.
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