Oak Woods Acquisition (NASDAQ:OAKU) Stock Price Up 2.4% - Here's Why

Oak Woods Acquisition Co. (NASDAQ:OAKU - Get Free Report)'s stock price shot up 2.4% on Monday . The stock traded as high as $11.55 and last traded at $11.83. 31 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 47,605 shares. The stock had previously closed at $11.55.

Oak Woods Acquisition Stock Performance

The firm's 50 day simple moving average is $11.50 and its 200 day simple moving average is $11.32.

Institutional Investors Weigh In On Oak Woods Acquisition

Several hedge funds have recently added to or reduced their stakes in OAKU. Mizuho Securities USA LLC boosted its stake in shares of Oak Woods Acquisition by 151.0% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the company's stock worth $5,393,000 after buying an additional 293,106 shares during the last quarter. Toronto Dominion Bank purchased a new stake in Oak Woods Acquisition in the 4th quarter worth approximately $1,574,000. Wolverine Asset Management LLC grew its stake in shares of Oak Woods Acquisition by 31.3% during the 4th quarter. Wolverine Asset Management LLC now owns 313,269 shares of the company's stock worth $3,556,000 after purchasing an additional 74,618 shares during the period. Walleye Capital LLC purchased a new position in shares of Oak Woods Acquisition during the 3rd quarter valued at approximately $710,000. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Oak Woods Acquisition in the 3rd quarter valued at $445,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.

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