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Oak Woods Acquisition (NASDAQ:OAKU) Stock Price Up 0.6% - Should You Buy?

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Oak Woods Acquisition Co. (NASDAQ:OAKU - Get Free Report) rose 0.6% on Monday . The stock traded as high as $11.57 and last traded at $11.50. Approximately 12,776 shares traded hands during trading, a decline of 63% from the average daily volume of 34,625 shares. The stock had previously closed at $11.43.

Oak Woods Acquisition Stock Performance

The firm's 50 day simple moving average is $11.37 and its 200-day simple moving average is $11.18.

Institutional Investors Weigh In On Oak Woods Acquisition

A number of institutional investors have recently modified their holdings of the stock. Walleye Trading LLC acquired a new position in shares of Oak Woods Acquisition in the third quarter worth $400,000. SkyView Investment Advisors LLC purchased a new position in Oak Woods Acquisition in the third quarter valued at about $445,000. Walleye Capital LLC acquired a new position in Oak Woods Acquisition in the 3rd quarter worth about $710,000. Wolverine Asset Management LLC raised its stake in shares of Oak Woods Acquisition by 9.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 238,651 shares of the company's stock worth $2,649,000 after purchasing an additional 19,992 shares in the last quarter. Finally, Berkley W R Corp grew its stake in shares of Oak Woods Acquisition by 8.1% in the 3rd quarter. Berkley W R Corp now owns 300,420 shares of the company's stock valued at $3,338,000 after buying an additional 22,424 shares in the last quarter. Institutional investors and hedge funds 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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