FutureTech II Acquisition Corp. (NASDAQ:FTII - Get Free Report)'s stock price shot up 3.8% during mid-day trading on Thursday . The company traded as high as $12.45 and last traded at $12.23. 15,887 shares were traded during trading, an increase of 314% from the average session volume of 3,842 shares. The stock had previously closed at $11.78.
FutureTech II Acquisition Price Performance
The firm has a 50-day simple moving average of $11.78 and a two-hundred day simple moving average of $11.57.
Institutional Trading of FutureTech II Acquisition
A hedge fund recently raised its stake in FutureTech II Acquisition stock. K2 Principal Fund L.P. raised its position in FutureTech II Acquisition Corp. (NASDAQ:FTII - Free Report) by 110.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,296 shares of the company's stock after buying an additional 55,296 shares during the quarter. K2 Principal Fund L.P. owned approximately 1.81% of FutureTech II Acquisition worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission. 65.83% of the stock is currently 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.
Recommended Stories
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
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access