FirstMark Horizon Acquisition (NYSE:FMAC) Sees Unusually-High Trading Volume

FirstMark Horizon Acquisition Corp. (NYSE:FMAC) shares saw an uptick in trading volume on Monday . 27,500 shares changed hands during trading, a decline of 92% from the previous session’s volume of 346,114 shares.The stock last traded at $9.81 and had previously closed at $9.82.

The stock has a fifty day moving average of $9.77 and a two-hundred day moving average of $9.91.

Hedge funds have recently made changes to their positions in the stock. Vivaldi Capital Management LLC acquired a new position in FirstMark Horizon Acquisition during the first quarter worth $101,000. Royal Bank of Canada acquired a new stake in FirstMark Horizon Acquisition in the first quarter valued at $102,000. Kestra Advisory Services LLC acquired a new stake in FirstMark Horizon Acquisition in the first quarter valued at $105,000. Alpine Global Management LLC acquired a new stake in FirstMark Horizon Acquisition in the second quarter valued at $109,000. Finally, Credit Suisse AG acquired a new stake in FirstMark Horizon Acquisition in the first quarter valued at $129,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

About FirstMark Horizon Acquisition (NYSE:FMAC)

FirstMark Horizon Acquisition Corp. 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 was incorporated in 2020 and is based in New York, New York.

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