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Northern Star Investment Corp. III (NYSE:NSTC) Sees Large Volume Increase

Defense World ·  Dec 25, 2022 04:52

Northern Star Investment Corp. III (NYSE:NSTC – Get Rating) saw an uptick in trading volume on Friday . 199,800 shares traded hands during mid-day trading, a decline of 61% from the previous session's volume of 508,963 shares.The stock last traded at $10.01 and had previously closed at $10.01.

Northern Star Investment Corp. III Price Performance

The company's 50-day moving average is $9.96 and its 200 day moving average is $9.87.

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Institutional Investors Weigh In On Northern Star Investment Corp. III

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westchester Capital Management LLC purchased a new stake in Northern Star Investment Corp. III in the 3rd quarter worth approximately $1,477,000. Marshall Wace LLP lifted its position in Northern Star Investment Corp. III by 25.2% in the 3rd quarter. Marshall Wace LLP now owns 1,852,694 shares of the technology company's stock worth $18,249,000 after buying an additional 372,575 shares in the last quarter. First Trust Capital Management L.P. lifted its position in Northern Star Investment Corp. III by 122.3% in the 3rd quarter. First Trust Capital Management L.P. now owns 311,152 shares of the technology company's stock worth $3,063,000 after buying an additional 171,152 shares in the last quarter. Hsbc Holdings PLC lifted its position in Northern Star Investment Corp. III by 24.2% in the 3rd quarter. Hsbc Holdings PLC now owns 1,281,658 shares of the technology company's stock worth $12,618,000 after buying an additional 250,000 shares in the last quarter. Finally, Robinson Capital Management LLC lifted its position in Northern Star Investment Corp. III by 49.5% in the 3rd quarter. Robinson Capital Management LLC now owns 33,219 shares of the technology company's stock worth $327,000 after buying an additional 11,000 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

About Northern Star Investment Corp. III

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Northern Star Investment Corp. III does not have significant operations. It focuses on effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify business opportunities in the field of direct-to-consumer and digitally-disruptive e-commerce spaces.

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