Shares of MSD Acquisition Corp. (NASDAQ:MSDA – Get Rating) saw strong trading volume on Wednesday . 2,700 shares traded hands during mid-day trading, a decline of 98% from the previous session's volume of 121,639 shares.The stock last traded at $10.06 and had previously closed at $10.05.
MSD Acquisition Trading Up 0.0 %
The stock's fifty day simple moving average is $9.98 and its 200-day simple moving average is $9.89.
Get MSD Acquisition alerts:Institutional Trading of MSD Acquisition
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSDA. PenderFund Capital Management Ltd. acquired a new position in shares of MSD Acquisition during the first quarter valued at about $77,000. OLD Mission Capital LLC acquired a new position in MSD Acquisition in the second quarter worth $110,000. UBS Group AG increased its stake in shares of MSD Acquisition by 304,500.0% in the first quarter. UBS Group AG now owns 12,184 shares of the company's stock valued at $119,000 after buying an additional 12,180 shares in the last quarter. Wealthspring Capital LLC bought a new position in shares of MSD Acquisition in the second quarter valued at about $266,000. Finally, Weiss Asset Management LP acquired a new position in MSD Acquisition during the 3rd quarter worth about $488,000. Institutional investors and hedge funds own 52.53% of the company's stock.
MSD Acquisition Company Profile
(Get Rating)MSD 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 and media sectors. The company was incorporated in 2021 and is based in New York, New York.
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