Shares of Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTSU – Get Rating) shot up 0.8% during mid-day trading on Wednesday . The company traded as high as $10.12 and last traded at $10.12. 3,810 shares were traded during trading, a decline of 6% from the average session volume of 4,056 shares. The stock had previously closed at $10.04.
Cactus Acquisition Corp. 1 Price Performance
The company’s 50 day simple moving average is $10.01 and its two-hundred day simple moving average is $10.02.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CCTSU. Wolverine Asset Management LLC increased its stake in Cactus Acquisition Corp. 1 by 2,917.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 6,035 shares of the company’s stock valued at $60,000 after buying an additional 5,835 shares during the period. Whitebox Advisors LLC bought a new stake in Cactus Acquisition Corp. 1 in the fourth quarter worth approximately $202,000. Angelo Gordon & CO. L.P. bought a new stake in shares of Cactus Acquisition Corp. 1 during the 4th quarter worth $404,000. Glazer Capital LLC bought a new stake in shares of Cactus Acquisition Corp. 1 during the 4th quarter worth $425,000. Finally, Fifth Lane Capital LP bought a new stake in shares of Cactus Acquisition Corp. 1 during the 4th quarter worth $455,000.
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 technology-based healthcare industries. The company was incorporated in 2021 and is based in Cranbury, New Jersey.
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