Corner Growth Acquisition Corp. (NASDAQ:COOL – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.32 and traded as high as $10.92. Corner Growth Acquisition shares last traded at $10.83, with a volume of 32 shares trading hands.
Corner Growth Acquisition Trading Down 1.1 %
The firm has a market cap of $121.19 million, a price-to-earnings ratio of -2.95 and a beta of 0.04. The stock has a 50-day moving average of $10.76 and a two-hundred day moving average of $10.32.
Hedge Funds Weigh In On Corner Growth Acquisition
Hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Street LLC acquired a new position in shares of Corner Growth Acquisition in the 1st quarter valued at $33,000. CSS LLC IL purchased a new stake in Corner Growth Acquisition in the 4th quarter worth about $150,000. UBS Group AG lifted its stake in Corner Growth Acquisition by 855.0% in the 4th quarter. UBS Group AG now owns 20,753 shares of the company’s stock worth $205,000 after acquiring an additional 18,580 shares in the last quarter. Citigroup Inc. purchased a new stake in Corner Growth Acquisition in the 1st quarter worth about $225,000. Finally, Cowen AND Company LLC purchased a new stake in Corner Growth Acquisition in the 4th quarter worth about $238,000. Institutional investors and hedge funds own 5.58% of the company’s stock.
About Corner Growth Acquisition
Corner Growth Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Palo Alto, California.
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