Melar Acquisition Corp. I (NASDAQ:MACI - Get Free Report)'s stock price was down 0.1% during trading on Monday . The company traded as low as $10.24 and last traded at $10.25. Approximately 1,100 shares were traded during trading, a decline of 98% from the average daily volume of 71,974 shares. The stock had previously closed at $10.26.
Melar Acquisition Corp. I Stock Up 0.1 %
The company's 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $10.12.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank acquired a new stake in Melar Acquisition Corp. I in the fourth quarter worth about $152,000. Tidal Investments LLC purchased a new position in shares of Melar Acquisition Corp. I in the 3rd quarter valued at approximately $209,000. Schonfeld Strategic Advisors LLC acquired a new stake in Melar Acquisition Corp. I in the 4th quarter worth approximately $507,000. Virtu Financial LLC purchased a new stake in Melar Acquisition Corp. I during the 3rd quarter worth approximately $1,227,000. Finally, Bulldog Investors LLP acquired a new position in Melar Acquisition Corp. I during the 4th quarter valued at approximately $1,512,000.
About Melar Acquisition Corp. I
(
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Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.
Further Reading
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