Gesher Acquisition Corp. II (NASDAQ:GSHR) Stock Price Up 0.1% - Here's Why

Key Points

• Gesher Acquisition Corp. II (NASDAQ:GSHR) shares rose about 0.1% to $10.38 intraday, with 50,001 shares traded — a 542% increase versus the average session volume of 7,792.
• Weiss Ratings initiated coverage with a "sell (e+)" rating, and MarketBeat shows a consensus rating of Sell for the stock.
• Several institutional investors added or increased stakes in GSHR during Q4, including a new ~$4.1 million position by the Commonwealth of Pennsylvania Public School Employees' Retirement System and larger holdings by Glazer Capital and Radcliffe Capital.

Gesher Acquisition Corp. II (NASDAQ:GSHR - Get Free Report) shares shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $10.37 and last traded at $10.38. 50,001 shares were traded during mid-day trading, an increase of 542% from the average session volume of 7,792 shares. The stock had previously closed at $10.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on Gesher Acquisition Corp. II in a research note on Tuesday, January 27th. They set a "sell (e+)" rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Gesher Acquisition Corp. II Price Performance

The stock has a fifty day moving average price of $10.36.

Institutional Investors Weigh In On Gesher Acquisition Corp. II

Several large investors have recently added to or reduced their stakes in GSHR. Virtu Financial LLC acquired a new position in Gesher Acquisition Corp. II in the fourth quarter valued at approximately $156,000. Meteora Capital LLC bought a new position in shares of Gesher Acquisition Corp. II during the 4th quarter worth approximately $437,000. Glazer Capital LLC boosted its holdings in shares of Gesher Acquisition Corp. II by 12.2% during the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company's stock worth $2,302,000 after buying an additional 24,299 shares in the last quarter. Radcliffe Capital Management L.P. grew its position in shares of 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 buying an additional 58,339 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Gesher Acquisition Corp. II in the 4th quarter valued at $4,107,000.

About Gesher Acquisition Corp. II

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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