Fat Projects Acquisition Corp (NASDAQ:FATP – Get Rating) major shareholder Aqr Capital Management Holding sold 48,185 shares of the firm's stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $10.90, for a total value of $525,216.50. Following the completion of the sale, the insider now directly owns 384 shares in the company, valued at approximately $4,185.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Fat Projects Acquisition Stock Performance
FATP opened at $11.10 on Friday. Fat Projects Acquisition Corp has a 12 month low of $9.86 and a 12 month high of $12.27. The stock's 50 day moving average price is $10.45 and its 200 day moving average price is $10.23.
Get Fat Projects Acquisition alerts:Institutional Trading of Fat Projects Acquisition
Several large investors have recently added to or reduced their stakes in FATP. JPMorgan Chase & Co. acquired a new stake in Fat Projects Acquisition in the 1st quarter valued at approximately $4,853,000. Spring Creek Capital LLC acquired a new stake in Fat Projects Acquisition in the 1st quarter valued at approximately $3,462,000. Goldman Sachs Group Inc. acquired a new stake in Fat Projects Acquisition in the 1st quarter valued at approximately $553,000. Glazer Capital LLC acquired a new stake in Fat Projects Acquisition in the 1st quarter valued at approximately $2,197,000. Finally, Millennium Management LLC increased its position in Fat Projects Acquisition by 162.2% in the 2nd quarter. Millennium Management LLC now owns 517,836 shares of the company's stock valued at $5,137,000 after acquiring an additional 320,350 shares during the period. 78.00% of the stock is currently owned by institutional investors and hedge funds.
About Fat Projects Acquisition
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Fat Projects Acquisition Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of the supply chain, transportation, logistics, finance, sustainability/ESG, food, agriculture, e-commerce, and big data and/or monetization areas in Southeast Asia.
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