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Longview Acquisition Corp. II (NYSE:LGV) Sees Unusually-High Trading Volume

Defense World ·  Dec 4, 2022 03:21

Shares of Longview Acquisition Corp. II (NYSE:LGV – Get Rating) saw an uptick in trading volume on Friday . 92,900 shares changed hands during trading, a decline of 90% from the previous session's volume of 886,978 shares.The stock last traded at $10.05 and had previously closed at $10.04.

Longview Acquisition Corp. II Stock Performance

The firm has a 50 day moving average price of $9.95 and a 200-day moving average price of $9.85.

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Institutional Trading of Longview Acquisition Corp. II

Large investors have recently made changes to their positions in the stock. Bank of Nova Scotia bought a new stake in shares of Longview Acquisition Corp. II during the 1st quarter worth about $8,052,000. Fir Tree Capital Management LP boosted its stake in Longview Acquisition Corp. II by 70.6% during the 1st quarter. Fir Tree Capital Management LP now owns 725,154 shares of the company's stock valued at $7,078,000 after purchasing an additional 300,000 shares during the period. Berkley W R Corp boosted its stake in Longview Acquisition Corp. II by 13.3% during the 1st quarter. Berkley W R Corp now owns 213,318 shares of the company's stock valued at $2,082,000 after purchasing an additional 25,000 shares during the period. DLD Asset Management LP bought a new stake in Longview Acquisition Corp. II during the 1st quarter valued at approximately $422,000. Finally, Elequin Capital LP bought a new stake in Longview Acquisition Corp. II during the 3rd quarter valued at approximately $27,000. Institutional investors own 62.07% of the company's stock.

About Longview Acquisition Corp. II

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Longview Acquisition Corp. II 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 intends to focus on businesses in the healthcare, industrials, consumer, media, technology, and technology services sector.

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