FutureTech II Acquisition Corp. (
NASDAQ:FTII -
Get Free Report) was up 3.8% on Thursday . The stock traded as high as $12.45 and last traded at $12.23. Approximately 15,887 shares were traded during mid-day trading, an increase of 314% from the average daily volume of 3,842 shares. The stock had previously closed at $11.78.
FutureTech II Acquisition Price Performance
The firm has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $11.56.
Institutional Trading of FutureTech II Acquisition
A hedge fund recently raised its stake in FutureTech II Acquisition stock. K2 Principal Fund L.P. grew its stake in FutureTech II Acquisition Corp. (NASDAQ:FTII - Free Report) by 110.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,296 shares of the company's stock after purchasing an additional 55,296 shares during the quarter. K2 Principal Fund L.P. owned about 1.81% of FutureTech II Acquisition worth $1,289,000 at the end of the most recent quarter. 65.83% of the stock is owned by institutional investors.
About FutureTech II Acquisition
(
Get Free Report)
FutureTech II Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire and manage a business in the technology industry.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider FutureTech II Acquisition, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FutureTech II Acquisition wasn't on the list.
While FutureTech II Acquisition currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
