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 - ) was down 0.4% during mid-day trading on Wednesday . The stock traded as low as $11.71 and last traded at $11.71. Approximately 7,533 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 3,241 shares. The stock had previously closed at $11.76.

Oak Woods Acquisition Price Performance

The firm's 50-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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Street LLC grew its stake in Oak Woods Acquisition by 118.2% in the 2nd quarter. Clear Street LLC now owns 5,818 shares of the company's stock worth $68,000 after buying an additional 3,152 shares in the last quarter. Warberg Asset Management LLC grew its stake in Oak Woods Acquisition by 3.8% in the 2nd quarter. Warberg Asset Management LLC now owns 41,426 shares of the company's stock worth $485,000 after buying an additional 1,514 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Oak Woods Acquisition by 8.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company's stock worth $3,981,000 after acquiring an additional 27,237 shares during the last quarter. Tabor Asset Management LP bought a new stake in shares of Oak Woods Acquisition in the 1st quarter worth approximately $1,402,000. Finally, Toronto Dominion Bank bought a new stake in shares of Oak Woods Acquisition in the 4th quarter worth approximately $1,574,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Oak Woods Acquisition Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.