Schonfeld Strategic Advisors LLC Buys New Shares in Melar Acquisition Corp. I (NASDAQ:MACI)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,000 shares of the company's stock, valued at approximately $507,000. Schonfeld Strategic Advisors LLC owned 0.25% of Melar Acquisition Corp. I at the end of the most recent reporting period.

Separately, Tidal Investments LLC acquired a new position in Melar Acquisition Corp. I during the third quarter worth about $209,000.

Melar Acquisition Corp. I Stock Performance

MACI remained flat at $10.33 on Friday. 40,617 shares of the company traded hands, compared to its average volume of 65,863. Melar Acquisition Corp. I has a 12-month low of $9.95 and a 12-month high of $10.39. The stock's 50-day simple moving average is $10.27 and its two-hundred day simple moving average is $10.16.

Melar Acquisition Corp. I Company Profile

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.