Armada Acquisition Corp. I (NASDAQ:AACI - Get Free Report)'s stock price shot up 0.5% during trading on Wednesday . The company traded as high as $11.40 and last traded at $11.13. 2,847 shares changed hands during trading, a decline of 83% from the average session volume of 16,783 shares. The stock had previously closed at $11.07.
Armada Acquisition Corp. I Trading Down 0.8 %
The stock's fifty day moving average price is $10.97 and its 200 day moving average price is $10.82.
Institutional Investors Weigh In On Armada Acquisition Corp. I
Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Armada Acquisition Corp. I in the fourth quarter worth approximately $110,000. Glazer Capital LLC purchased a new stake in Armada Acquisition Corp. I in the fourth quarter worth approximately $197,000. EHP Funds Inc. purchased a new stake in Armada Acquisition Corp. I in the first quarter worth approximately $246,000. Cubist Systematic Strategies LLC purchased a new stake in Armada Acquisition Corp. I in the second quarter worth approximately $350,000. Finally, Cowen AND Company LLC boosted its holdings in Armada Acquisition Corp. I by 183.9% in the fourth quarter. Cowen AND Company LLC now owns 91,230 shares of the company's stock worth $983,000 after purchasing an additional 59,090 shares during the last quarter. Hedge funds and other institutional investors own 27.96% of the company's stock.
Armada Acquisition Corp. I Company Profile
(
Get Free Report)
Armada Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses in the financial technology industry. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.
Further Reading
Before you consider Armada Acquisition Corp. I, 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 Armada Acquisition Corp. I wasn't on the list.
While Armada Acquisition Corp. I currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
