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Aimei Health Technology (NASDAQ:AFJK) Trading Down 1.8% - What's Next?

Aimei Health Technology logo with Financial Services background

Key Points

  • Aimei Health Technology's stock fell by 1.8% on Thursday, trading as low as $11.21 before closing at $10.97.
  • Institutional ownership in Aimei Health Technology stands at 45.58%, with several firms, including Centiva Capital and Quarry LP, increasing their stakes recently.
  • The company is seeking to merge or acquire businesses in the biopharmaceutical and medical technology sectors, despite not currently having significant operations.
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Shares of Aimei Health Technology Co., Ltd. (NASDAQ:AFJK - Get Free Report) dropped 1.8% during trading on Thursday . The company traded as low as $11.21 and last traded at $10.97. Approximately 258 shares traded hands during trading, a decline of 94% from the average daily volume of 4,159 shares. The stock had previously closed at $11.17.

Aimei Health Technology Stock Performance

The business's 50 day simple moving average is $11.16 and its 200 day simple moving average is $11.04.

Hedge Funds Weigh In On Aimei Health Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. purchased a new position in Aimei Health Technology during the 1st quarter valued at about $110,000. Quarry LP grew its stake in Aimei Health Technology by 4.7% during the 1st quarter. Quarry LP now owns 157,081 shares of the company's stock valued at $1,729,000 after acquiring an additional 7,081 shares in the last quarter. Centiva Capital LP grew its stake in Aimei Health Technology by 1.4% during the 4th quarter. Centiva Capital LP now owns 232,693 shares of the company's stock valued at $2,460,000 after acquiring an additional 3,100 shares in the last quarter. Berkley W R Corp purchased a new position in Aimei Health Technology during the 4th quarter valued at about $4,750,000. Finally, Harraden Circle Investments LLC purchased a new position in Aimei Health Technology during the 4th quarter valued at about $1,117,000. Hedge funds and other institutional investors own 45.58% of the company's stock.

About Aimei Health Technology

(Get Free Report)

Aimei Health Technology Co, Ltd does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to acquires businesses in the biopharmaceutical, medical technology/device industries or diagnostic, and other services sectors.

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