MYDA Advisors LLC Purchases Shares of 158,000 Forest Road Acquisition Corp. (NYSE:FRX)

MYDA Advisors LLC purchased a new stake in Forest Road Acquisition Corp. (NYSE:FRX) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 158,000 shares of the healthcare company’s stock, valued at approximately $1,599,000.

A number of other institutional investors have also added to or reduced their stakes in FRX. Picton Mahoney Asset Management purchased a new stake in Forest Road Acquisition in the first quarter valued at about $4,017,000. Alliancebernstein L.P. purchased a new stake in Forest Road Acquisition in the first quarter valued at about $2,407,000. OTA Financial Group L.P. purchased a new stake in Forest Road Acquisition in the first quarter valued at about $2,357,000. FNY Investment Advisers LLC acquired a new position in shares of Forest Road Acquisition in the first quarter valued at about $1,125,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Forest Road Acquisition in the first quarter valued at about $714,000. Institutional investors own 22.78% of the company’s stock.

Separately, Loop Capital started coverage on Forest Road Acquisition in a report on Monday. They issued a “hold” rating and a $11.00 price objective on the stock.

Shares of FRX stock traded up $0.04 during mid-day trading on Friday, reaching $10.36. The stock had a trading volume of 6,383 shares, compared to its average volume of 2,059,449. Forest Road Acquisition Corp. has a 1-year low of $9.72 and a 1-year high of $18.20. The business has a fifty day moving average of $10.01.

About Forest Road Acquisition

Forest Road Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology, media, and telecommunications space. The company was founded in 2020 and is based in New York, New York.

See Also: What is the Book Value of a Share?

Want to see what other hedge funds are holding FRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forest Road Acquisition Corp. (NYSE:FRX).

Institutional Ownership by Quarter for Forest Road Acquisition (NYSE:FRX)

Receive News & Ratings for Forest Road Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forest Road Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.