Valor Latitude Acquisition Corp. (NASDAQ:VLAT – Get Rating) shares were up 0.1% on Monday . The company traded as high as $10.06 and last traded at $10.06. Approximately 2,600 shares were traded during trading, a decline of 97% from the average daily volume of 77,013 shares. The stock had previously closed at $10.05.
Valor Latitude Acquisition Price Performance
The firm's fifty day moving average price is $9.99 and its 200 day moving average price is $9.88.
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Institutional Investors Weigh In On Valor Latitude Acquisition
Large investors have recently modified their holdings of the business. Millennium Management LLC raised its stake in shares of Valor Latitude Acquisition by 70.5% during the 2nd quarter. Millennium Management LLC now owns 1,231,619 shares of the company's stock worth $11,996,000 after acquiring an additional 509,296 shares in the last quarter. Saba Capital Management L.P. raised its stake in shares of Valor Latitude Acquisition by 2.5% during the 3rd quarter. Saba Capital Management L.P. now owns 1,053,052 shares of the company's stock worth $10,383,000 after acquiring an additional 26,105 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Valor Latitude Acquisition by 1,080.3% during the 3rd quarter. Bank of Montreal Can now owns 1,017,350 shares of the company's stock worth $10,031,000 after acquiring an additional 931,156 shares in the last quarter. BNP Paribas Arbitrage SNC bought a new position in shares of Valor Latitude Acquisition during the 3rd quarter worth approximately $7,419,000. Finally, Glazer Capital LLC raised its stake in shares of Valor Latitude Acquisition by 3.4% during the 3rd quarter. Glazer Capital LLC now owns 510,272 shares of the company's stock worth $5,026,000 after acquiring an additional 16,598 shares in the last quarter. Institutional investors own 62.66% of the company's stock.
Valor Latitude Acquisition Company Profile
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Valor Latitude Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology sector in Latin America. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.
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