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Oak Woods Acquisition (NASDAQ:OAKU) Trading Up 0.2% - Time to Buy?

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Oak Woods Acquisition Co. (NASDAQ:OAKU - Get Free Report) shares traded up 0.2% on Friday . The company traded as high as $11.37 and last traded at $11.37. 402 shares were traded during trading, a decline of 99% from the average session volume of 62,101 shares. The stock had previously closed at $11.35.

Oak Woods Acquisition Stock Up 0.2 %

The firm's fifty day moving average is $11.31 and its two-hundred day moving average is $11.11.

Insider Transactions at Oak Woods Acquisition

In related news, major shareholder Mizuho Securities Usa Llc sold 74,000 shares of the company's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $11.18, for a total transaction of $827,320.00. Following the completion of the transaction, the insider now owns 413,394 shares in the company, valued at approximately $4,621,744.92. This represents a 15.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. K2 Principal Fund L.P. bought a new position in shares of Oak Woods Acquisition during the 2nd quarter valued at approximately $219,000. Walleye Trading LLC purchased a new stake in Oak Woods Acquisition during the third quarter valued at $400,000. Quarry LP bought a new position in Oak Woods Acquisition during the second quarter valued at $401,000. SkyView Investment Advisors LLC purchased a new position in shares of Oak Woods Acquisition in the 3rd quarter worth $445,000. Finally, Walleye Capital LLC bought a new stake in shares of Oak Woods Acquisition in the 3rd quarter worth about $710,000. Institutional investors own 63.01% of the company's stock.

Oak Woods Acquisition Company Profile

(Get Free Report)

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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