Gesher Acquisition Corp. II (NASDAQ:GSHR) Stock Price Down 0.1% - Time to Sell?

Key Points

• Gesher Acquisition Corp. II shares fell 0.1% to $10.51, with trading volume down 12% from the average session volume. The stock’s 50-day and 200-day moving averages were $10.46 and $10.40, respectively.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, and the sole analyst tracked by MarketBeat rates the stock “Sell.”
• The SPAC reported quarterly earnings of $0.05 per share, while several hedge funds recently initiated or increased positions, including Glazer Capital and Radcliffe Capital Management.

Gesher Acquisition Corp. II (NASDAQ:GSHR - Get Free Report) shares dropped 0.1% on Monday . The company traded as low as $10.51 and last traded at $10.51. 55,007 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 62,562 shares. The stock had previously closed at $10.52.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Gesher Acquisition Corp. II in a research report on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".

Gesher Acquisition Corp. II Price Performance

The business has a fifty day moving average of $10.46 and a 200 day moving average of $10.40.

Gesher Acquisition Corp. II (NASDAQ:GSHR - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter.

Hedge Funds Weigh In On Gesher Acquisition Corp. II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of Gesher Acquisition Corp. II in the fourth quarter worth $156,000. Meteora Capital LLC purchased a new position in Gesher Acquisition Corp. II in the fourth quarter valued at $437,000. Sona Asset Management US LLC purchased a new position in Gesher Acquisition Corp. II in the first quarter valued at $1,810,000. Glazer Capital LLC boosted its holdings in Gesher Acquisition Corp. II by 12.2% in the fourth quarter. Glazer Capital LLC now owns 224,254 shares of the company's stock valued at $2,302,000 after purchasing an additional 24,299 shares during the period. Finally, Radcliffe Capital Management L.P. grew its stake in Gesher Acquisition Corp. II by 34.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company's stock worth $2,331,000 after purchasing an additional 58,339 shares in the last quarter.

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II NASDAQ: GSHR is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company's principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.

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