Bukit Jalil Global Acquisition 1 (NASDAQ:BUJA) Stock Price Down 0.2% – Time to Sell?

Bukit Jalil Global Acquisition 1 Ltd (NASDAQ:BUJA) dropped 0.2% during trading on Friday . The stock traded as low as $11.20 and last traded at $11.23. Approximately 457 shares changed hands during trading, a decline of 95% from the average daily volume of 9,353 shares. The stock had previously closed at $11.25.

Bukit Jalil Global Acquisition 1 Stock Performance

The company has a 50 day simple moving average of $11.15 and a 200 day simple moving average of $10.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Glazer Capital LLC increased its stake in shares of Bukit Jalil Global Acquisition 1 by 39.8% in the second quarter. Glazer Capital LLC now owns 407,764 shares of the company’s stock valued at $4,359,000 after buying an additional 116,186 shares during the period. K2 Principal Fund L.P. acquired a new position in shares of Bukit Jalil Global Acquisition 1 in the second quarter valued at approximately $1,604,000. Spartan Fund Management Inc. increased its stake in shares of Bukit Jalil Global Acquisition 1 by 227,272.7% in the third quarter. Spartan Fund Management Inc. now owns 25,011 shares of the company’s stock valued at $273,000 after buying an additional 25,000 shares during the period. Logan Stone Capital LLC acquired a new position in shares of Bukit Jalil Global Acquisition 1 in the second quarter valued at approximately $1,649,000. Finally, Wolverine Asset Management LLC increased its stake in shares of Bukit Jalil Global Acquisition 1 by 1.1% in the third quarter. Wolverine Asset Management LLC now owns 333,679 shares of the company’s stock valued at $3,640,000 after buying an additional 3,546 shares during the period. Institutional investors and hedge funds own 66.34% of the company’s stock.

About Bukit Jalil Global Acquisition 1

Bukit Jalil Global Acquisition 1 Ltd operates a blank check company that intends to effect into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Kuala Lumpur, Malaysia.