Black Hawk Acquisition (NASDAQ:BKHA) Shares Up 0.1% - Here's What Happened

Key Points

• Black Hawk Acquisition Corporation's stock price increased by 0.1% during mid-day trading, reaching a high of $11.00 before settling at $10.96.
• Recent institutional trading activity includes Gabelli Funds LLC and Westchester Capital Management LLC each acquiring new stakes, contributing to significant changes in the company's ownership.
• The company's focus is on executing various business combinations, as it aims to create value through mergers and acquisitions in the financial landscape.

Black Hawk Acquisition Corporation (NASDAQ:BKHA - )'s stock price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $11.00 and last traded at $10.96. 2,303 shares changed hands during mid-day trading, an increase of 213% from the average session volume of 736 shares. The stock had previously closed at $10.95.

Black Hawk Acquisition Stock Up 0.1%

The business's 50 day moving average price is $10.81 and its 200-day moving average price is $10.64.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Gabelli Funds LLC bought a new position in shares of Black Hawk Acquisition in the first quarter valued at approximately $237,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Black Hawk Acquisition in the fourth quarter valued at approximately $243,000. Clear Street LLC increased its holdings in shares of Black Hawk Acquisition by 5.3% in the second quarter. Clear Street LLC now owns 51,600 shares of the company's stock valued at $548,000 after purchasing an additional 2,600 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Black Hawk Acquisition in the fourth quarter valued at approximately $1,038,000. Finally, Westchester Capital Management LLC acquired a new stake in shares of Black Hawk Acquisition in the first quarter valued at approximately $3,162,000.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Danville, California.

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