Woodline Partners LP acquired a new position in Sound Point Acquisition Corp I, Ltd (NASDAQ:SPCM – Get Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 250,000 shares of the company's stock, valued at approximately $2,505,000. Woodline Partners LP owned 0.89% of Sound Point Acquisition Corp I at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CVI Holdings LLC bought a new stake in shares of Sound Point Acquisition Corp I in the second quarter worth $752,000. DLD Asset Management LP bought a new stake in shares of Sound Point Acquisition Corp I in the second quarter worth $347,000. Wolverine Asset Management LLC bought a new stake in shares of Sound Point Acquisition Corp I in the second quarter worth $4,828,000. Millennium Management LLC bought a new stake in shares of Sound Point Acquisition Corp I in the second quarter worth $3,012,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Sound Point Acquisition Corp I in the second quarter worth $2,097,000. Institutional investors own 57.91% of the company's stock.

Sound Point Acquisition Corp I Price Performance

NASDAQ:SPCM opened at $10.30 on Tuesday. The stock has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $10.13. Sound Point Acquisition Corp I, Ltd has a 52-week low of $9.96 and a 52-week high of $10.65.

Sound Point Acquisition Corp I Profile

Sound Point Acquisition Corp I, Ltd does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It primarily focuses on technology, media, consumer brands, and other industries.

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