ClimateRock (NASDAQ:CLRC) Shares Up 0.9% - Here's Why

Shares of ClimateRock (NASDAQ:CLRC - Get Free Report) shot up 0.9% on Friday . The stock traded as high as $11.75 and last traded at $11.75. 5,200 shares were traded during mid-day trading, a decline of 80% from the average session volume of 26,000 shares. The stock had previously closed at $11.65.

ClimateRock Stock Up 0.9 %

The stock's fifty day simple moving average is $11.67 and its 200-day simple moving average is $11.59.

Institutional Trading of ClimateRock

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glazer Capital LLC acquired a new stake in shares of ClimateRock during the second quarter worth $150,000. Berkley W R Corp boosted its stake in ClimateRock by 13.3% in the 2nd quarter. Berkley W R Corp now owns 310,754 shares of the company's stock worth $3,580,000 after buying an additional 36,444 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in ClimateRock in the 2nd quarter valued at about $699,000. Logan Stone Capital LLC acquired a new position in shares of ClimateRock during the 2nd quarter valued at about $1,138,000. Finally, Cowen AND Company LLC lifted its holdings in shares of ClimateRock by 504.8% during the 2nd quarter. Cowen AND Company LLC now owns 147,561 shares of the company's stock worth $1,695,000 after acquiring an additional 123,161 shares during the period. 55.48% of the stock is owned by hedge funds and other institutional investors.

ClimateRock Company Profile

ClimateRock focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue an initial business combination within climate change, environment, renewable energy and emerging, and clean technologies.