Shares of Minority Equality Opportunities Acquisition Inc. (NASDAQ:MEOA – Get Rating) shot up 0.2% during trading on Thursday . The stock traded as high as $10.15 and last traded at $10.14. 253,496 shares traded hands during trading, an increase of 408% from the average session volume of 49,900 shares. The stock had previously closed at $10.12.

Minority Equality Opportunities Acquisition Trading Up 0.2 %

The firm's 50 day moving average is $10.13 and its 200 day moving average is $10.08.

Institutional Investors Weigh In On Minority Equality Opportunities Acquisition

Hedge funds have recently made changes to their positions in the company. Arena Investors LP purchased a new stake in shares of Minority Equality Opportunities Acquisition in the 1st quarter valued at approximately $55,000. Fifth Lane Capital LP purchased a new stake in shares of Minority Equality Opportunities Acquisition in the 4th quarter valued at approximately $499,000. Cruiser Capital Advisors LLC purchased a new stake in shares of Minority Equality Opportunities Acquisition in the 4th quarter valued at approximately $648,000. Walleye Capital LLC acquired a new position in Minority Equality Opportunities Acquisition in the 4th quarter valued at approximately $727,000. Finally, RPO LLC acquired a new position in Minority Equality Opportunities Acquisition in the 2nd quarter valued at approximately $880,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

About Minority Equality Opportunities Acquisition

Minority Equality Opportunities Acquisition Inc does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Waxahachie, Texas.

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