Arbor Rapha Capital Bioholdings Corp. I (NASDAQ:ARCK) Shares Up 0.1%

Arbor Rapha Capital Bioholdings Corp. I (NASDAQ:ARCK – Get Rating)’s stock price shot up 0.1% on Thursday . The company traded as high as $10.06 and last traded at $10.04. 1,474 shares traded hands during trading, a decline of 98% from the average session volume of 61,678 shares. The stock had previously closed at $10.04.

The business’s 50-day simple moving average is $10.05 and its two-hundred day simple moving average is $10.02.

Several hedge funds have recently modified their holdings of the stock. Starboard Value LP bought a new stake in shares of Arbor Rapha Capital Bioholdings Corp. I during the 4th quarter worth approximately $239,000. Whitebox Advisors LLC bought a new stake in shares of Arbor Rapha Capital Bioholdings Corp. I during the 4th quarter worth approximately $249,000. Omni Event Management Ltd bought a new stake in shares of Arbor Rapha Capital Bioholdings Corp. I during the 1st quarter worth approximately $441,000. Glazer Capital LLC bought a new stake in shares of Arbor Rapha Capital Bioholdings Corp. I during the 1st quarter worth approximately $470,000. Finally, Fifth Lane Capital LP bought a new stake in shares of Arbor Rapha Capital Bioholdings Corp. I during the 4th quarter worth approximately $498,000. 27.54% of the stock is owned by hedge funds and other institutional investors.

Arbor Rapha Capital Bioholdings Corp. I Company Profile (NASDAQ:ARCK)

Arbor Rapha Capital Bioholdings Corp. I does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar Business Combination with one or more businesses. It intends to identify acquisition opportunities in the biopharmaceutical sector.

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