ESGEN Acquisition Co. (NASDAQ:ESAC – Get Free Report)’s stock price traded down 3.2% during trading on Wednesday . The company traded as low as $4.90 and last traded at $4.98. 4,131 shares traded hands during trading, a decline of 92% from the average session volume of 55,041 shares. The stock had previously closed at $5.14.
ESGEN Acquisition Stock Performance
The business has a 50-day moving average price of $7.27 and a 200 day moving average price of $9.88.
Institutional Investors Weigh In On ESGEN Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mizuho Securities USA LLC lifted its position in shares of ESGEN Acquisition by 23.9% during the 4th quarter. Mizuho Securities USA LLC now owns 250,370 shares of the company’s stock valued at $2,804,000 after acquiring an additional 48,370 shares during the last quarter. Shaolin Capital Management LLC lifted its holdings in shares of ESGEN Acquisition by 200.0% in the third quarter. Shaolin Capital Management LLC now owns 250,000 shares of the company’s stock valued at $2,790,000 after purchasing an additional 500,000 shares in the last quarter. Meteora Capital LLC purchased a new stake in shares of ESGEN Acquisition in the third quarter valued at $1,448,000. Wolverine Asset Management LLC lifted its holdings in shares of ESGEN Acquisition by 969.7% in the fourth quarter. Wolverine Asset Management LLC now owns 84,210 shares of the company’s stock valued at $948,000 after purchasing an additional 76,338 shares in the last quarter. Finally, Clear Street LLC lifted its holdings in shares of ESGEN Acquisition by 3,433.7% in the fourth quarter. Clear Street LLC now owns 61,203 shares of the company’s stock valued at $689,000 after purchasing an additional 59,471 shares in the last quarter. Institutional investors and hedge funds own 26.23% of the company’s stock.
About ESGEN Acquisition
ESGEN Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to target opportunities in the energy and infrastructure sector in North America.
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