CONX Corp. (NASDAQ:CONX – Get Rating) traded up 0.1% on Monday . The company traded as high as $10.21 and last traded at $10.21. 1,204 shares changed hands during trading, a decline of 74% from the average session volume of 4,695 shares. The stock had previously closed at $10.20.
CONX Stock Performance
The firm has a 50-day moving average price of $10.13 and a 200-day moving average price of $10.06.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. UBS Group AG increased its position in shares of CONX by 80.6% during the first quarter. UBS Group AG now owns 6,522 shares of the company’s stock valued at $64,000 after purchasing an additional 2,910 shares during the period. Wolverine Trading LLC grew its position in shares of CONX by 238.5% during the 3rd quarter. Wolverine Trading LLC now owns 16,728 shares of the company’s stock worth $167,000 after buying an additional 28,807 shares during the period. Berkley W R Corp acquired a new stake in shares of CONX during the first quarter worth about $174,000. Boothbay Fund Management LLC bought a new stake in shares of CONX in the third quarter valued at about $278,000. Finally, CSS LLC IL acquired a new stake in shares of CONX in the second quarter valued at approximately $297,000. 77.88% of the stock is owned by institutional investors and hedge funds.
CONX Company Profile
CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry.
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