1RT Acquisition (NASDAQ:ONCHU) Stock Price Up 0.2% – Still a Buy?

Shares of 1RT Acquisition Corp. (NASDAQ:ONCHU) were up 0.2% on Friday . The stock traded as high as $10.48 and last traded at $10.44. Approximately 10,055 shares changed hands during trading, a decline of 82% from the average daily volume of 56,737 shares. The stock had previously closed at $10.42.

1RT Acquisition Stock Performance

The firm’s 50 day moving average price is $10.52.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Polar Asset Management Partners Inc. bought a new stake in shares of 1RT Acquisition in the 3rd quarter valued at approximately $5,275,000. Quarry LP acquired a new position in 1RT Acquisition in the third quarter worth $647,000. Parallax Volatility Advisers L.P. bought a new stake in 1RT Acquisition during the third quarter valued at $594,000. PenderFund Capital Management Ltd. acquired a new stake in shares of 1RT Acquisition during the third quarter worth $52,000. Finally, MASO CAPITAL PARTNERS Ltd bought a new position in shares of 1RT Acquisition in the 3rd quarter worth about $106,000.

1RT Acquisition Company Profile

We are a blank check company incorporated on December 13, 2024 as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.