Melar Acquisition Corp. I (NASDAQ:MACI - Get Free Report)'s stock price rose 0.3% on Tuesday . The company traded as high as $10.15 and last traded at $10.17. Approximately 28,100 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 25,341 shares. The stock had previously closed at $10.14.
Melar Acquisition Corp. I Stock Performance
The firm has a 50 day moving average price of $10.11.
Institutional Trading of Melar Acquisition Corp. I
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC bought a new stake in Melar Acquisition Corp. I in the third quarter worth $209,000. Dakota Wealth Management bought a new stake in Melar Acquisition Corp. I during the 3rd quarter valued at about $390,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Melar Acquisition Corp. I during the fourth quarter valued at approximately $507,000. Deltec Asset Management LLC bought a new stake in shares of Melar Acquisition Corp. I during the third quarter valued at approximately $1,000,000. Finally, Wolverine Asset Management LLC purchased a new position in Melar Acquisition Corp. I in the 3rd quarter worth approximately $1,034,000.
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.
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