Onyx Acquisition Co. I (NASDAQ:ONYX) Major Shareholder Sells $1,998,000.00 in Stock

Onyx Acquisition Co. I (NASDAQ:ONYX) major shareholder Carronade Capital Management, sold 180,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $11.10, for a total transaction of $1,998,000.00. Following the completion of the transaction, the insider now directly owns 814,082 shares in the company, valued at approximately $9,036,310.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Onyx Acquisition Co. I Price Performance

Shares of NASDAQ ONYX opened at $11.12 on Friday. The firm’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $11.04. Onyx Acquisition Co. I has a 52-week low of $10.56 and a 52-week high of $12.00.

Hedge Funds Weigh In On Onyx Acquisition Co. I

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of Onyx Acquisition Co. I during the first quarter valued at approximately $6,817,000. Citigroup Inc. bought a new stake in shares of Onyx Acquisition Co. I during the first quarter valued at approximately $1,891,000. Bank of Montreal Can bought a new stake in shares of Onyx Acquisition Co. I during the first quarter valued at approximately $500,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Onyx Acquisition Co. I during the first quarter valued at approximately $499,000. Finally, Spring Creek Capital LLC bought a new stake in shares of Onyx Acquisition Co. I during the first quarter valued at approximately $4,491,000. Institutional investors own 23.34% of the company’s stock.

About Onyx Acquisition Co. I

Onyx Acquisition Co I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on construction technology and general industrials.