Keyarch Acquisition Co. (NASDAQ:KYCHU – Get Free Report)’s stock price traded down 47.4% on Thursday . The company traded as low as $4.00 and last traded at $4.23. 5,200 shares traded hands during trading, an increase of 195% from the average session volume of 1,764 shares. The stock had previously closed at $8.04.
Keyarch Acquisition Stock Performance
The firm’s 50 day moving average is $9.56 and its two-hundred day moving average is $10.35.
Institutional Trading of Keyarch Acquisition
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rivernorth Capital Management LLC bought a new stake in shares of Keyarch Acquisition in the 1st quarter worth $4,008,000. Spring Creek Capital LLC acquired a new position in Keyarch Acquisition in the first quarter worth approximately $3,530,000. Finally, UBS Group AG acquired a new position in Keyarch Acquisition in the first quarter worth approximately $25,000.
Keyarch Acquisition Company Profile
Keyarch Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on disruptive technology and innovative services companies worldwide.
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