Iron Horse Acquisitions (NASDAQ:IROH) Stock Price Down 6.2% - Time to Sell?

Iron Horse Acquisitions Corp. (NASDAQ:IROH - Get Free Report)'s share price was down 6.2% during trading on Monday . The stock traded as low as $9.03 and last traded at $10.32. Approximately 69,958 shares were traded during trading, an increase of 103% from the average daily volume of 34,509 shares. The stock had previously closed at $11.00.

Iron Horse Acquisitions Stock Down 7.3%

The stock's fifty day simple moving average is $10.39 and its two-hundred day simple moving average is $10.41.

Hedge Funds Weigh In On Iron Horse Acquisitions

Institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC increased its stake in Iron Horse Acquisitions by 18.5% during the 1st quarter. Wolverine Asset Management LLC now owns 535,815 shares of the company's stock valued at $5,621,000 after purchasing an additional 83,592 shares in the last quarter. Walleye Trading LLC grew its holdings in shares of Iron Horse Acquisitions by 150.0% during the fourth quarter. Walleye Trading LLC now owns 355,500 shares of the company's stock valued at $3,658,000 after buying an additional 213,300 shares during the last quarter. Crossingbridge Advisors LLC increased its position in shares of Iron Horse Acquisitions by 4.6% during the first quarter. Crossingbridge Advisors LLC now owns 342,868 shares of the company's stock valued at $3,595,000 after acquiring an additional 15,000 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Iron Horse Acquisitions during the fourth quarter valued at approximately $2,808,000. Finally, Mizuho Securities USA LLC raised its holdings in Iron Horse Acquisitions by 21.3% in the 1st quarter. Mizuho Securities USA LLC now owns 258,398 shares of the company's stock worth $2,695,000 after acquiring an additional 45,366 shares during the last quarter.

About Iron Horse Acquisitions

Iron Horse Acquisitions 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 focuses on identifying targeted companies operating in content studios and film production, family entertainment, animation, music, gaming, e-sports, talent management, and talent-facing brands and businesses in the United States.