FG Merger Corp. (NASDAQ:FGMCU – Get Free Report)’s share price traded up 2.5% during trading on Monday . The company traded as high as $11.80 and last traded at $11.79. Approximately 1,163 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 3,521 shares. The stock had previously closed at $11.50.
FG Merger Stock Performance
The stock’s 50-day moving average price is $11.55 and its 200-day moving average price is $10.92.
Institutional Trading of FG Merger
Several institutional investors and hedge funds have recently modified their holdings of the business. Clear Street Group Inc. acquired a new stake in FG Merger during the 3rd quarter valued at $41,000. Flow Traders U.S. LLC lifted its position in FG Merger by 45.0% during the second quarter. Flow Traders U.S. LLC now owns 30,759 shares of the company’s stock worth $254,000 after buying an additional 9,544 shares during the period. Finally, SkyView Investment Advisors LLC purchased a new position in shares of FG Merger during the 2nd quarter worth about $391,000.
About FG Merger
FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America. FG Merger Corp. was incorporated in 2020 and is based in Itasca, Illinois.
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