Goldenstone Acquisition (NASDAQ:GDST) Stock Price Down 1.2% – Here’s Why

Goldenstone Acquisition Limited (NASDAQ:GDST)’s share price dropped 1.2% on Tuesday . The stock traded as low as $11.48 and last traded at $11.48. Approximately 200 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 3,367 shares. The stock had previously closed at $11.62.

Goldenstone Acquisition Stock Down 1.2 %

The firm’s fifty day moving average is $11.41 and its two-hundred day moving average is $11.29.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Goldenstone Acquisition stock. Wolverine Asset Management LLC boosted its stake in Goldenstone Acquisition Limited (NASDAQ:GDST) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,229 shares of the company’s stock after purchasing an additional 1,684 shares during the quarter. Wolverine Asset Management LLC owned about 2.20% of Goldenstone Acquisition worth $1,681,000 as of its most recent SEC filing. Institutional investors and hedge funds own 72.08% of the company’s stock.

About Goldenstone Acquisition

Goldenstone Acquisition Limited does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Aurora, Illinois.