Burtech Acquisition Corp. (NASDAQ:BRKHU – Get Free Report) shares dropped 8% on Wednesday . The company traded as low as $11.44 and last traded at $11.44. Approximately 264 shares traded hands during trading, a decline of 85% from the average daily volume of 1,718 shares. The stock had previously closed at $12.43.
Burtech Acquisition Stock Performance
The firm’s 50-day moving average is $12.34 and its 200-day moving average is $11.60.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Burtech Acquisition stock. Clear Street LLC lifted its holdings in Burtech Acquisition Corp. (NASDAQ:BRKHU – Free Report) by 92.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,900 shares of the company’s stock after buying an additional 2,354 shares during the quarter. Clear Street LLC’s holdings in Burtech Acquisition were worth $56,000 as of its most recent SEC filing.
Burtech Acquisition Company Profile
Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.
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