Spring Creek Capital LLC acquired a new stake in Murphy Canyon Acquisition Corp. (NASDAQ:MURFU – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $1,010,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Condor Capital Management bought a new stake in Murphy Canyon Acquisition in the first quarter valued at approximately $43,000. Clear Street LLC bought a new position in shares of Murphy Canyon Acquisition during the first quarter valued at approximately $66,000. Mizuho Securities USA LLC bought a new position in shares of Murphy Canyon Acquisition during the first quarter valued at approximately $507,000. Wealthspring Capital LLC bought a new position in shares of Murphy Canyon Acquisition during the first quarter valued at approximately $690,000. Finally, Walleye Trading LLC bought a new position in shares of Murphy Canyon Acquisition during the first quarter valued at approximately $727,000.

Murphy Canyon Acquisition Stock Performance

Shares of Murphy Canyon Acquisition stock opened at $10.17 on Wednesday. The business has a 50 day moving average of $10.13 and a 200 day moving average of $10.11. Murphy Canyon Acquisition Corp. has a 52 week low of $10.02 and a 52 week high of $10.55.

About Murphy Canyon Acquisition

Murphy Canyon Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.

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