Mountain Crest Acquisition Corp. III (NASDAQ:MCAE – Get Rating) shares were up 0.2% on Friday . The stock traded as high as $10.15 and last traded at $10.15. Approximately 2,803 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 2,901 shares. The stock had previously closed at $10.13.

Mountain Crest Acquisition Corp. III Stock Performance

The business's 50 day moving average price is $10.07 and its 200-day moving average price is $9.98.

Institutional Investors Weigh In On Mountain Crest Acquisition Corp. III

Several hedge funds have recently bought and sold shares of MCAE. RPO LLC increased its stake in shares of Mountain Crest Acquisition Corp. III by 222.9% during the second quarter. RPO LLC now owns 80,337 shares of the company's stock worth $793,000 after purchasing an additional 55,457 shares during the period. Taconic Capital Advisors LP acquired a new stake in shares of Mountain Crest Acquisition Corp. III during the first quarter worth $1,490,000. P Schoenfeld Asset Management LP acquired a new position in shares of Mountain Crest Acquisition Corp. III in the first quarter valued at about $1,018,000. Cubist Systematic Strategies LLC bought a new position in Mountain Crest Acquisition Corp. III during the second quarter worth about $725,000. Finally, Goldman Sachs Group Inc. increased its position in Mountain Crest Acquisition Corp. III by 280.6% during the first quarter. Goldman Sachs Group Inc. now owns 49,075 shares of the company's stock worth $483,000 after acquiring an additional 36,180 shares during the period.

Mountain Crest Acquisition Corp. III Company Profile

Mountain Crest Acquisition Corp. III does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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