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

Bukit Jalil Global Acquisition 1 Ltd (NASDAQ:BUJA)’s share price dropped 0.2% on Friday . The company 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 Trading Down 0.2 %

The firm has a fifty day moving average price of $11.15 and a 200-day moving average price of $10.95.

Institutional Trading of Bukit Jalil Global Acquisition 1

Institutional investors and hedge funds have recently made changes to their positions in the company. Glazer Capital LLC boosted its position 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 worth $4,359,000 after buying an additional 116,186 shares during the period. Wolverine Asset Management LLC lifted its position in Bukit Jalil Global Acquisition 1 by 1.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 333,679 shares of the company’s stock worth $3,640,000 after acquiring an additional 3,546 shares in the last quarter. Logan Stone Capital LLC purchased a new position in Bukit Jalil Global Acquisition 1 in the 2nd quarter worth approximately $1,649,000. K2 Principal Fund L.P. acquired a new stake in Bukit Jalil Global Acquisition 1 in the second quarter valued at approximately $1,604,000. Finally, Spartan Fund Management Inc. raised its stake in shares of Bukit Jalil Global Acquisition 1 by 227,272.7% during the third quarter. Spartan Fund Management Inc. now owns 25,011 shares of the company’s stock valued at $273,000 after purchasing an additional 25,000 shares during the period. 66.34% of the stock is currently owned by institutional investors and hedge funds.

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.