Altitude Acquisition Corp. (NASDAQ:ALTU – Get Free Report) shot up 0.1% during mid-day trading on Monday . The company traded as high as $10.15 and last traded at $10.15. 514 shares traded hands during trading, a decline of 95% from the average session volume of 10,238 shares. The stock had previously closed at $10.14.
Altitude Acquisition Trading Up 0.1 %
The business’s 50-day moving average is $10.08 and its 200-day moving average is $10.08.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glazer Capital LLC lifted its position in Altitude Acquisition by 68.0% during the first quarter. Glazer Capital LLC now owns 1,064,334 shares of the company’s stock valued at $10,590,000 after purchasing an additional 430,850 shares during the period. Hsbc Holdings PLC raised its position in shares of Altitude Acquisition by 117.8% in the first quarter. Hsbc Holdings PLC now owns 809,564 shares of the company’s stock worth $8,063,000 after acquiring an additional 437,900 shares during the period. Radcliffe Capital Management L.P. raised its position in shares of Altitude Acquisition by 1.3% in the first quarter. Radcliffe Capital Management L.P. now owns 447,411 shares of the company’s stock worth $4,452,000 after acquiring an additional 5,943 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Altitude Acquisition by 62.6% in the first quarter. Goldman Sachs Group Inc. now owns 313,139 shares of the company’s stock worth $3,116,000 after acquiring an additional 120,539 shares during the period. Finally, BNP Paribas Arbitrage SNC acquired a new position in shares of Altitude Acquisition in the third quarter worth about $2,056,000. 7.02% of the stock is currently owned by institutional investors and hedge funds.
About Altitude Acquisition
Altitude Acquisition 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. Altitude Acquisition Corp. was incorporated in 2020 and is based in Atlanta, Georgia.
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