Plum Acquisition Corp. IV (NASDAQ:PLMK) Stock Price Up 0.2% – What’s Next?

Plum Acquisition Corp. IV (NASDAQ:PLMK)’s stock price traded up 0.2% during mid-day trading on Thursday . The company traded as high as $10.47 and last traded at $10.45. 1,653 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 45,473 shares. The stock had previously closed at $10.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Price Performance

The stock’s 50 day simple moving average is $10.43 and its two-hundred day simple moving average is $10.35.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter.

Hedge Funds Weigh In On Plum Acquisition Corp. IV

Large investors have recently made changes to their positions in the company. Radcliffe Capital Management L.P. increased its position in Plum Acquisition Corp. IV by 36.6% in the third quarter. Radcliffe Capital Management L.P. now owns 425,330 shares of the company’s stock worth $4,389,000 after purchasing an additional 113,975 shares during the period. BCK Capital Management LP boosted its stake in shares of Plum Acquisition Corp. IV by 3.3% in the 3rd quarter. BCK Capital Management LP now owns 103,313 shares of the company’s stock valued at $1,066,000 after purchasing an additional 3,313 shares during the last quarter. Moore Capital Management LP acquired a new stake in shares of Plum Acquisition Corp. IV during the 2nd quarter worth approximately $772,000. Berkley W R Corp raised its stake in shares of Plum Acquisition Corp. IV by 34.9% during the second quarter. Berkley W R Corp now owns 768,888 shares of the company’s stock worth $7,896,000 after buying an additional 199,045 shares during the last quarter. Finally, Karpus Management Inc. lifted its holdings in Plum Acquisition Corp. IV by 52.1% in the second quarter. Karpus Management Inc. now owns 685,225 shares of the company’s stock valued at $7,037,000 after buying an additional 234,625 shares during the period.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.