Clover Leaf Capital (NASDAQ:CLOE) Stock Price Down 1.5% - Should You Sell?

Clover Leaf Capital Corp. (NASDAQ:CLOE - Get Free Report)'s share price traded down 1.5% during mid-day trading on Monday . The stock traded as low as $12.30 and last traded at $12.30. 1,403 shares traded hands during trading, a decline of 49% from the average session volume of 2,731 shares. The stock had previously closed at $12.49.

Clover Leaf Capital Price Performance

The business's fifty day moving average price is $12.48 and its 200 day moving average price is $12.33. The firm has a market capitalization of $61.07 million, a PE ratio of -53.48 and a beta of 0.07.

Institutional Investors Weigh In On Clover Leaf Capital

A hedge fund recently raised its stake in Clover Leaf Capital stock. Clear Street LLC raised its position in Clover Leaf Capital Corp. (NASDAQ:CLOE - Free Report) by 44.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 72,712 shares of the company's stock after purchasing an additional 22,391 shares during the period. Clover Leaf Capital comprises approximately 0.0% of Clear Street LLC's portfolio, making the stock its 27th biggest holding. Clear Street LLC owned 1.37% of Clover Leaf Capital worth $887,000 at the end of the most recent quarter. 18.53% of the stock is owned by hedge funds and other institutional investors.

About Clover Leaf Capital

Clover Leaf Capital Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, and other business combination with one or more businesses. It intends to acquire companies operating in the cannabis industry.