Oak Woods Acquisition (NASDAQ:OAKU) Trading Down 0.2% - Time to Sell?

Key Points

• Oak Woods Acquisition Corporation (NASDAQ: OAKU) saw its share price decline by 0.2%, trading at $12.00 with a significant drop in trading volume, down 97% from the average.
• Institutional investors and hedge funds hold 63.01% of the company's stock, with notable recent increases in holdings from firms like Clear Street LLC and Wolverine Asset Management LLC.
• The company focuses on potential business combinations in various sectors including healthcare, technology, and media, but currently does not have significant operations.

Oak Woods Acquisition Corporation (NASDAQ:OAKU - )'s share price dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $12.00 and last traded at $12.00. Approximately 100 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 3,046 shares. The stock had previously closed at $12.02.

Oak Woods Acquisition Stock Down 0.2%

The firm's fifty day moving average is $11.92 and its 200 day moving average is $11.82.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Clear Street LLC boosted its holdings 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 during the last quarter. Warberg Asset Management LLC lifted its position in shares of Oak Woods Acquisition by 3.8% in the second quarter. Warberg Asset Management LLC now owns 41,426 shares of the company's stock valued at $485,000 after acquiring an additional 1,514 shares in the last quarter. Tabor Asset Management LP acquired a new stake in shares of Oak Woods Acquisition in the first quarter worth approximately $1,402,000. Toronto Dominion Bank purchased a new stake in shares of Oak Woods Acquisition during the fourth quarter worth approximately $1,574,000. Finally, Wolverine Asset Management LLC increased its position in shares of Oak Woods Acquisition by 8.8% during the second quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company's stock worth $3,981,000 after purchasing an additional 27,237 shares in the last quarter. Institutional investors and hedge funds 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.