Atlantic Avenue Acquisition Corp (NYSE:ASAQ) major shareholder Glazer Capital, Llc sold 30,634 shares of the company’s stock in a transaction that occurred on Tuesday, May 4th. The shares were sold at an average price of $9.91, for a total value of $303,582.94. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of NYSE ASAQ remained flat at $$9.75 during midday trading on Tuesday. The stock had a trading volume of 44,068 shares, compared to its average volume of 97,535. Atlantic Avenue Acquisition Corp has a one year low of $9.55 and a one year high of $10.65. The company’s 50 day moving average is $9.83.
A number of institutional investors have recently made changes to their positions in the business. Seelaus Asset Management LLC bought a new position in Atlantic Avenue Acquisition during the first quarter worth $506,000. Warberg Asset Management LLC acquired a new position in Atlantic Avenue Acquisition in the 4th quarter valued at about $124,000. One68 Global Capital LLC acquired a new position in Atlantic Avenue Acquisition in the 4th quarter valued at about $101,000. Dynamic Technology Lab Private Ltd bought a new position in Atlantic Avenue Acquisition in the 4th quarter valued at about $302,000. Finally, HighTower Advisors LLC acquired a new stake in Atlantic Avenue Acquisition during the fourth quarter worth approximately $1,765,000.
Atlantic Avenue Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization, or other similar business combination with one or more businesses. Atlantic Avenue Acquisition Corp was incorporated in 2020 and is based in Stamford, Connecticut.
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