Oak Woods Acquisition's (OAKU) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Oak Woods Acquisition (OAKU)'s stock has been reaffirmed with a "sell (D+)" rating by Weiss Ratings, indicating continued negative outlook for the company.
• The stock traded at $12.10 with a 12-month low of $11.20 and a high of $13.00, showing modest fluctuations in its price over the past year.
• Hedge funds and institutional investors hold 63.01% of Oak Woods Acquisition's stock, with notable increases in holdings from firms like Clear Street LLC and Wolverine Asset Management LLC.

Oak Woods Acquisition (NASDAQ:OAKU - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Oak Woods Acquisition Trading Up 1.6%

NASDAQ OAKU opened at $12.10 on Friday. The business's 50-day moving average price is $12.03 and its 200 day moving average price is $11.90. Oak Woods Acquisition has a twelve month low of $11.20 and a twelve month high of $13.00.

Hedge Funds Weigh In On Oak Woods Acquisition

Large investors have recently modified their holdings of the company. Clear Street LLC raised its holdings in shares of 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 purchasing an additional 3,152 shares during the period. Warberg Asset Management LLC raised its holdings in shares of 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 purchasing an additional 1,514 shares during the period. Tabor Asset Management LP purchased a new position in shares of Oak Woods Acquisition in the 1st quarter worth about $1,402,000. Finally, Wolverine Asset Management LLC raised 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 purchasing an additional 27,237 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

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