Canna-Global Acquisition Corp (NASDAQ:CNGL - Get Free Report) shares traded down 7.2% during mid-day trading on Wednesday . The company traded as low as $10.21 and last traded at $10.21. 190 shares traded hands during trading, a decline of 100% from the average session volume of 76,616 shares. The stock had previously closed at $11.00.
Canna-Global Acquisition Stock Performance
The business's 50-day simple moving average is $10.77 and its two-hundred day simple moving average is $10.84.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of CNGL. Clear Street LLC lifted its position in Canna-Global Acquisition by 553.7% during the 2nd quarter. Clear Street LLC now owns 150,000 shares of the company's stock worth $1,565,000 after acquiring an additional 127,053 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in shares of Canna-Global Acquisition in the second quarter valued at $341,000. Finally, Quarry LP acquired a new stake in Canna-Global Acquisition during the 2nd quarter valued at $261,000. Institutional investors and hedge funds own 19.55% of the company's stock.
Canna-Global Acquisition Company Profile
(
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Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.
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