Glenfarne Merger Corp. (NASDAQ:GGMC – Get Rating)’s stock price dropped 0.1% on Tuesday . The stock traded as low as $10.01 and last traded at $10.01. Approximately 15,926 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 150,240 shares. The stock had previously closed at $10.02.
Glenfarne Merger Price Performance
The company’s fifty day moving average is $9.89 and its two-hundred day moving average is $9.83.
Hedge Funds Weigh In On Glenfarne Merger
Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Glenfarne Merger by 0.9% during the 1st quarter. JPMorgan Chase & Co. now owns 454,127 shares of the company’s stock worth $4,432,000 after purchasing an additional 4,127 shares during the period. Cheyne Capital Management UK LLP acquired a new stake in shares of Glenfarne Merger during the 1st quarter worth approximately $98,000. Centiva Capital LP acquired a new stake in shares of Glenfarne Merger during the 2nd quarter worth approximately $116,000. Wolverine Asset Management LLC grew its stake in shares of Glenfarne Merger by 14.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 127,848 shares of the company’s stock worth $1,254,000 after purchasing an additional 16,421 shares during the period. Finally, Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in shares of Glenfarne Merger during the 1st quarter worth approximately $180,000. Institutional investors and hedge funds own 60.62% of the company’s stock.
Glenfarne Merger Company Profile
Glenfarne Merger Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company intends to pursue opportunities in the energy transition and electrification sector in the Americas.
- Get a free copy of the StockNews.com research report on Glenfarne Merger (GGMC)
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