Energem Corp. (NASDAQ:ENCP – Get Rating) major shareholder Wolverine Asset Management Llc sold 127,000 shares of the company's stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $10.20, for a total value of $1,295,400.00. Following the transaction, the insider now owns 172,992 shares of the company's stock, valued at approximately $1,764,518.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Energem Stock Performance

Shares of Energem stock opened at $10.44 on Friday. The business has a 50 day moving average of $10.24 and a 200 day moving average of $10.13. Energem Corp. has a 52 week low of $9.87 and a 52 week high of $11.36.

Hedge Funds Weigh In On Energem

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. bought a new position in shares of Energem during the second quarter valued at approximately $103,000. Shaolin Capital Management LLC bought a new position in shares of Energem during the third quarter valued at approximately $152,000. Radcliffe Capital Management L.P. bought a new position in Energem in the first quarter worth $250,000. Millennium Management LLC raised its holdings in Energem by 45.9% in the second quarter. Millennium Management LLC now owns 129,663 shares of the company's stock worth $1,302,000 after purchasing an additional 40,770 shares in the last quarter. Finally, RiverPark Advisors LLC bought a new position in Energem in the first quarter worth $475,000. Institutional investors own 77.43% of the company's stock.

About Energem

Energem Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus a target business operating in the energy industry.

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