Oak Woods Acquisition (NASDAQ:OAKU) Stock Price Down 0.4% - Here's Why

Key Points

• Oak Woods Acquisition Corporation (NASDAQ:OAKU) saw its stock price decrease by 0.4%, closing at $11.71, with an increased trading volume of 7,533 shares during mid-day trading.
• Institutional investors collectively own 63.01% of Oak Woods Acquisition, with Clear Street LLC increasing its stake by 118.2% in the 2nd quarter.
• The company focuses on mergers and acquisitions in sectors such as healthcare, technology, and consumer brands, particularly in the Asia-Pacific region.

Oak Woods Acquisition Corporation (NASDAQ:OAKU - Get Free Report) fell 0.4% during trading on Wednesday . The stock traded as low as $11.71 and last traded at $11.71. 7,533 shares were traded during mid-day trading, an increase of 132% from the average session volume of 3,241 shares. The stock had previously closed at $11.76.

Oak Woods Acquisition Stock Performance

The firm's fifty day moving average price is $11.86 and its 200-day moving average price is $11.74.

Hedge Funds Weigh In On Oak Woods Acquisition

Several hedge funds have recently modified their holdings of the stock. Tabor Asset Management LP bought a new position in Oak Woods Acquisition in the 1st quarter valued at about $1,402,000. BCK Capital Management LP acquired a new position in shares of Oak Woods Acquisition in the fourth quarter valued at about $421,000. Toronto Dominion Bank bought a new position in Oak Woods Acquisition during the fourth quarter worth about $1,574,000. Quarry LP boosted its holdings in Oak Woods Acquisition by 100.3% in the 4th quarter. Quarry LP now owns 73,900 shares of the company's stock valued at $839,000 after purchasing an additional 37,000 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in shares of Oak Woods Acquisition during the 4th quarter worth approximately $285,000. Institutional investors own 63.01% of the company's stock.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.