Shares of Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO – Get Free Report) traded up 0.4% during trading on Wednesday . The company traded as high as $11.65 and last traded at $11.69. 200 shares traded hands during trading, an increase of 180% from the average session volume of 71 shares. The stock had previously closed at $11.64.
Patria Latin American Opportunity Acquisition Stock Performance
The company’s fifty day simple moving average is $11.64 and its two-hundred day simple moving average is $11.59.
Hedge Funds Weigh In On Patria Latin American Opportunity Acquisition
Several large investors have recently added to or reduced their stakes in the business. Spartan Fund Management Inc. bought a new position in shares of Patria Latin American Opportunity Acquisition in the third quarter valued at approximately $49,000. Wolverine Asset Management LLC raised its position in Patria Latin American Opportunity Acquisition by 35.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company’s stock valued at $4,706,000 after buying an additional 106,301 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in Patria Latin American Opportunity Acquisition during the 3rd quarter worth $2,546,000. Finally, Mizuho Securities USA LLC grew its stake in shares of Patria Latin American Opportunity Acquisition by 254.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company’s stock worth $4,196,000 after acquiring an additional 260,697 shares in the last quarter. Institutional investors own 72.25% of the company’s stock.
About Patria Latin American Opportunity Acquisition
Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.
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