Battery Future Acquisition Corp. (NYSE:BFAC – Get Rating) shot up 0.4% on Thursday . The stock traded as high as $10.50 and last traded at $10.48. 19,392 shares traded hands during trading, a decline of 87% from the average session volume of 147,384 shares. The stock had previously closed at $10.44.
Battery Future Acquisition Price Performance
The company's 50 day simple moving average is $10.40 and its 200 day simple moving average is $10.25.
Get Battery Future Acquisition alerts:Institutional Investors Weigh In On Battery Future Acquisition
A number of large investors have recently added to or reduced their stakes in BFAC. Aristeia Capital LLC raised its holdings in shares of Battery Future Acquisition by 263.6% during the fourth quarter. Aristeia Capital LLC now owns 1,693,733 shares of the company's stock valued at $17,395,000 after purchasing an additional 1,227,883 shares during the last quarter. Mizuho Markets Americas LLC purchased a new position in Battery Future Acquisition in the 3rd quarter worth about $12,611,000. First Trust Capital Management L.P. grew its holdings in Battery Future Acquisition by 41.9% during the 4th quarter. First Trust Capital Management L.P. now owns 523,571 shares of the company's stock worth $5,377,000 after acquiring an additional 154,521 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Battery Future Acquisition in the 4th quarter valued at about $32,000. Finally, Bank of Montreal Can acquired a new stake in Battery Future Acquisition in the 3rd quarter worth approximately $3,363,000. Institutional investors own 66.28% of the company's stock.
Battery Future Acquisition Company Profile
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Battery Future Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to search on industries spearheading the shift from fossil fuels to electrification, including companies in the battery value chain.
Further Reading
- Get a free copy of the StockNews.com research report on Battery Future Acquisition (BFAC)
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