StoneBridge Acquisition Co. (NASDAQ:APAC – Get Free Report) traded up 0% during trading on Thursday . The company traded as high as $10.16 and last traded at $10.1640. 365 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,392 shares. The stock had previously closed at $10.16.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, StoneBridge Acquisition presently has a consensus rating of “Sell”.
Read Our Latest Analysis on APAC
StoneBridge Acquisition Price Performance
Institutional Investors Weigh In On StoneBridge Acquisition
Several large investors have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in shares of StoneBridge Acquisition during the fourth quarter worth approximately $4,989,000. Rivernorth Capital Management LLC acquired a new position in shares of StoneBridge Acquisition in the 1st quarter valued at $4,970,000. Glazer Capital LLC purchased a new stake in StoneBridge Acquisition in the 4th quarter valued at $4,051,000. Clear Street Group Inc. purchased a new stake in StoneBridge Acquisition in the 4th quarter valued at $3,216,000. Finally, AQR Arbitrage LLC acquired a new stake in StoneBridge Acquisition during the 4th quarter worth $2,945,000. 19.18% of the stock is owned by institutional investors and hedge funds.
About StoneBridge Acquisition
StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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