Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS - Get Free Report)'s stock price shot up 0.3% during trading on Thursday . The company traded as high as $11.56 and last traded at $11.56. 1,302 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 7,279 shares. The stock had previously closed at $11.52.
Cactus Acquisition Corp. 1 Stock Up 0.7 %
The business's fifty day moving average price is $11.47 and its two-hundred day moving average price is $11.43.
Insider Buying and Selling
In related news, Director Jeff Leblanc acquired 100,000 shares of the firm's stock in a transaction on Monday, July 29th. The shares were acquired at an average cost of $0.50 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the director now directly owns 135,000 shares in the company, valued at approximately $67,500. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 58.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Cactus Acquisition Corp. 1 stock. Berkley W R Corp grew its holdings in shares of Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS - Free Report) by 26,452.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 146,040 shares of the company's stock after buying an additional 145,490 shares during the quarter. Berkley W R Corp owned 2.88% of Cactus Acquisition Corp. 1 worth $1,615,000 at the end of the most recent reporting period. 86.36% of the stock is owned by hedge funds and other institutional investors.
About Cactus Acquisition Corp. 1
(
Get Free Report)
Cactus Acquisition Corp. 1 Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the emerging technology sector. The company was incorporated in 2021 and is based in Cranbury, New Jersey.
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