Apex Technology Acquisition (NASDAQ:APXT) Hits New 52-Week High – Here’s What Happened

Apex Technology Acquisition Co. (NASDAQ:APXT)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $10.08 and last traded at $10.05, with a volume of 171806 shares trading hands. The stock had previously closed at $10.05.

Analyst Upgrades and Downgrades

APXT has been the topic of a number of recent research reports. Wall Street Zen upgraded Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings began coverage on Apex Technology Acquisition in a research note on Tuesday, May 26th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Apex Technology Acquisition Stock Down 0.2%

The business’s 50 day moving average is $10.02 and its 200-day moving average is $9.97.

Apex Technology Acquisition (NASDAQ:APXT) last announced its quarterly earnings data on Thursday, March 26th. The company reported $0.09 earnings per share for the quarter.

Institutional Trading of Apex Technology Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of APXT. Meteora Capital LLC bought a new position in Apex Technology Acquisition during the 4th quarter worth approximately $27,093,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Apex Technology Acquisition during the 4th quarter valued at approximately $22,252,000. Hudson Bay Capital Management LP acquired a new stake in shares of Apex Technology Acquisition during the 4th quarter valued at approximately $11,508,000. HighTower Advisors LLC bought a new position in Apex Technology Acquisition during the fourth quarter worth $11,272,000. Finally, Wolverine Asset Management LLC bought a new position in Apex Technology Acquisition during the fourth quarter worth $11,246,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.