Fortune Rise Acquisition Co. (NASDAQ:FRLA – Get Rating)'s stock price rose 0.2% during trading on Tuesday . The company traded as high as $10.42 and last traded at $10.41. Approximately 3,750 shares traded hands during trading, a decline of 92% from the average daily volume of 48,705 shares. The stock had previously closed at $10.39.

Fortune Rise Acquisition Price Performance

The firm's 50 day simple moving average is $10.31 and its two-hundred day simple moving average is $10.20.

Institutional Investors Weigh In On Fortune Rise Acquisition

Large investors have recently bought and sold shares of the company. Clear Street LLC acquired a new position in shares of Fortune Rise Acquisition during the 3rd quarter worth $25,000. State Street Corp boosted its position in Fortune Rise Acquisition by 29.0% in the third quarter. State Street Corp now owns 13,776 shares of the company's stock valued at $140,000 after buying an additional 3,100 shares in the last quarter. OLD Mission Capital LLC grew its stake in shares of Fortune Rise Acquisition by 12.7% during the third quarter. OLD Mission Capital LLC now owns 28,999 shares of the company's stock worth $295,000 after buying an additional 3,261 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Fortune Rise Acquisition by 2.6% during the second quarter. Wolverine Asset Management LLC now owns 213,332 shares of the company's stock worth $2,148,000 after buying an additional 5,430 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Fortune Rise Acquisition in the 2nd quarter valued at $101,000. 62.32% of the stock is currently owned by institutional investors and hedge funds.

About Fortune Rise Acquisition

Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Metuchen, New Jersey.

Featured Stories

• Get a free copy of the StockNews.com research report on Fortune Rise Acquisition (FRLA)
• The Future Of E-Commerce: Analysis And New Data
• Chevron Delights Shareholders with $75 Billion in Share Buybacks
• Levi Strauss Is A Good Fit For Income Investors
• 3 Small Caps That Have Big Upside
• Mullen Automotive: The Good News, The Bad And The Ugly Outlook

Receive News & Ratings for Fortune Rise Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Rise Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.