Gesher Acquisition Corp. II (NASDAQ:GSHR) Trading Down 0.6% – Here’s What Happened

Gesher Acquisition Corp. II (NASDAQ:GSHR)’s stock price traded down 0.6% during mid-day trading on Friday . The stock traded as low as $10.31 and last traded at $10.31. 51,000 shares traded hands during mid-day trading, an increase of 361% from the average session volume of 11,061 shares. The stock had previously closed at $10.37.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Gesher Acquisition Corp. II in a research report on Tuesday, January 27th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Gesher Acquisition Corp. II has a consensus rating of “Sell”.

Gesher Acquisition Corp. II Trading Down 0.6%

Institutional Investors Weigh In On Gesher Acquisition Corp. II

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Gesher Acquisition Corp. II during the fourth quarter worth approximately $156,000. Glazer Capital LLC boosted its stake in Gesher Acquisition Corp. II by 12.2% during the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after acquiring an additional 24,299 shares during the last quarter. Meteora Capital LLC bought a new position in Gesher Acquisition Corp. II during the 4th quarter valued at $437,000. Radcliffe Capital Management L.P. grew its holdings in Gesher Acquisition Corp. II by 34.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after acquiring an additional 58,339 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Gesher Acquisition Corp. II during the 4th quarter worth $4,107,000.

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.