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Gores Holdings IX (NASDAQ:GHIX) Stock Price Down 0.1% - Here's Why

Gores Holdings IX logo with Unclassified background

Shares of Gores Holdings IX, Inc. (NASDAQ:GHIX - Get Free Report) were down 0.1% during mid-day trading on Tuesday . The stock traded as low as $10.58 and last traded at $10.58. Approximately 6,109 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 21,719 shares. The stock had previously closed at $10.59.

Gores Holdings IX Stock Performance

The stock has a 50 day simple moving average of $10.58 and a 200 day simple moving average of $10.60.

Institutional Trading of Gores Holdings IX

An institutional investor recently bought a new position in Gores Holdings IX stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Gores Holdings IX, Inc. (NASDAQ:GHIX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,500,000 shares of the company's stock, valued at approximately $15,840,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 7.83% of Gores Holdings IX at the end of the most recent quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

About Gores Holdings IX

(Get Free Report)

Gores Holdings IX, Inc does not have significant operations. It intends to effect on a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Boulder, Colorado.

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