Cactus Acquisition Corp. 1 (NASDAQ:CCTS) Trading Up 12.4% – Time to Buy?

Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS) shares traded up 12.4% during mid-day trading on Monday . The stock traded as high as $13.70 and last traded at $13.09. 22,400 shares changed hands during mid-day trading, an increase of 206% from the average session volume of 7,323 shares. The stock had previously closed at $11.65.

Cactus Acquisition Corp. 1 Trading Up 12.4 %

The business has a fifty day moving average price of $11.86 and a 200 day moving average price of $11.59.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cactus Acquisition Corp. 1 stock. Berkley W R Corp grew its stake in Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,914 shares of the company’s stock after purchasing an additional 8,716 shares during the period. Berkley W R Corp owned about 3.59% of Cactus Acquisition Corp. 1 worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 86.36% of the company’s stock.

About Cactus Acquisition Corp. 1

Cactus Acquisition Corp. 1 Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the emerging technology sector. The company was incorporated in 2021 and is based in Cranbury, New Jersey.