Marblegate Acquisition (NASDAQ:GATE) Stock Price Down 1.8% - What's Next?

Marblegate Acquisition Corp. (NASDAQ:GATE - Get Free Report)'s stock price traded down 1.8% during mid-day trading on Thursday . The stock traded as low as $10.90 and last traded at $10.90. 4,057 shares traded hands during trading, an increase of 94% from the average session volume of 2,087 shares. The stock had previously closed at $11.10.

Marblegate Acquisition Stock Performance

The firm has a 50-day moving average of $10.99 and a 200-day moving average of $10.81.

Institutional Investors Weigh In On Marblegate Acquisition

A hedge fund recently raised its stake in Marblegate Acquisition stock. Clear Street LLC lifted its position in Marblegate Acquisition Corp. (NASDAQ:GATE - Free Report) by 162.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,756 shares of the company's stock after purchasing an additional 12,848 shares during the quarter. Clear Street LLC owned about 0.18% of Marblegate Acquisition worth $224,000 at the end of the most recent reporting period. 9.39% of the stock is owned by institutional investors and hedge funds.

Marblegate Acquisition Company Profile

Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.