Freedom Acquisition I (NASDAQ:FACT) Stock Price Down 0.1% – Here’s Why

Freedom Acquisition I Corp. (NASDAQ:FACT)’s share price dropped 0.1% during trading on Monday . The company traded as low as $10.66 and last traded at $10.66. Approximately 130 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 84,663 shares. The stock had previously closed at $10.67.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Freedom Acquisition I in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Freedom Acquisition I currently has a consensus rating of “Sell”.

Freedom Acquisition I Price Performance

The stock has a fifty day simple moving average of $10.65 and a 200-day simple moving average of $10.57.

Freedom Acquisition I (NASDAQ:FACT) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.04 EPS for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FACT. Rangeley Capital LLC acquired a new stake in shares of Freedom Acquisition I during the 1st quarter valued at about $163,000. Clear Street Group Inc. boosted its position in Freedom Acquisition I by 52.6% during the fourth quarter. Clear Street Group Inc. now owns 67,306 shares of the company’s stock worth $701,000 after purchasing an additional 23,209 shares in the last quarter. Moore Capital Management LP acquired a new position in shares of Freedom Acquisition I during the 2nd quarter worth approximately $1,033,000. Sandia Investment Management LP purchased a new position in shares of Freedom Acquisition I during the 2nd quarter valued at approximately $1,287,000. Finally, Whitebox Advisors LLC purchased a new position in shares of Freedom Acquisition I during the 2nd quarter valued at approximately $2,572,000. Institutional investors and hedge funds own 55.82% of the company’s stock.

About Freedom Acquisition I

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.