Live Oak Acquisition Corp. V (NASDAQ:LOKVU) Trading 0.5% Higher – Here’s What Happened

Live Oak Acquisition Corp. V (NASDAQ:LOKVU)’s share price shot up 0.5% during mid-day trading on Friday . The stock traded as high as $10.80 and last traded at $10.80. 1,300 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 27,698 shares. The stock had previously closed at $10.75.

Live Oak Acquisition Corp. V Trading Up 0.5%

The firm’s fifty day moving average is $10.69 and its 200 day moving average is $10.67.

Institutional Trading of Live Oak Acquisition Corp. V

An institutional investor recently bought a new position in Live Oak Acquisition Corp. V stock. Clear Street Group Inc. bought a new stake in shares of Live Oak Acquisition Corp. V (NASDAQ:LOKVU) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,301 shares of the company’s stock, valued at approximately $118,000.

About Live Oak Acquisition Corp. V

Live Oak Acquisition Corp. V is a Delaware‐incorporated special purpose acquisition company (SPAC) backed by Live Oak Management Partners V, a privately held investment firm. As a blank‐check issuer, the company’s core mission is to identify and merge with one or more operating businesses, providing them with access to capital markets and strategic resources. Since its formation in 2021, Live Oak Acquisition Corp. V has been focused on sourcing acquisition opportunities that align with its sponsor’s proven track record of supporting growth‐oriented companies.

The company targets businesses in North America, with particular emphasis on technology‐enabled services such as financial technology, business process outsourcing and other high‐growth sectors.